Insider Trading in Action

This is amusing. A couple weeks ago the blog Malanobis reported that there were clear signs of insider trading activity in Reebok options during the day preceding Adidas' accouncement that it planned to buy Reebok.

Following up on this story, the AP notes the following:

• the purchaser of these options is apparently a 63 year-old Croatian woman living on a $263/month pension.
• her account made $2 million on a $130K investment.
• and, by the way, she has a 25 year old nephew that is a broker in New York.
  

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