Results tagged “lehman”

For better and for insider trading secrets: The Lehman Brothers trader arrested after it was discovered he was feeding friends and clients tips about upcoming mergers apparently got his information from his wife—not that she knew it. Matthew Devlin would "monitor" his wifee's travel, since she worked for a PR firm that handled press for "high profile mergers and acquisitions," and figured out what deals were happening. Devlin told one friend who benefited from tips and who was dating a Playboy playmate, "[Your girlfriend] may be amazing at some things, but none of them are like the golden goose"—as in his wife Nina (pictured)! Nina Devlin's lawyer said, "She was completely unaware that confidential information about her job was being used as the basis for securities trading" (we expect him to announce divorce paper next!). Devlin, who moved on to Barclays after Lehman's collapsed, has been suspended; he and his co-horts allegedly made $4.8 million in profits.