CNN – Technology analyst John Kinnucan was arrested Friday on allegations of trading on information about many of the nation’s leading tech companies, resulting in illicit gains of nearly $110 million.
Kinnucan faces both criminal and civil charges. He was arrested at his Oregon home and is awaiting transfer to New York, according to the U.S. Attorney’s office for the Southern District of New York, which is conducting an ongoing probe into insider trading. The Southern District includes the nation’s major stock exchanges and is taking the lead on insider trading probes nationwide.
