Ex-Citigroup banker accused in $6M insider-trading scam


What is this item about?FORMER CITIGROUP investment banker Maher Kara was sued for insider trading by federal regulators, who claimed he fed tips on health care industry deals to people who reaped more than $6 million in illegal profits.The Securities and Exchange Commission's suit also names three people related to the Karas and three friends of Michael Kara. Two of them agreed to settle by forfeiting more than $603,000, the agency said. The case is pending against the other four. Why did you choose it?because this person made money off inside trading which is illegal.
Do you agree with what's happening in the news item you chose? Why or why not?yes because this person tried to take the easy route instead of working
Do you think the information has been presented fairly? Why or why not?yes
Would you use this news source again? yes