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Five Charged With Illegal Xbox Deal | |
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| Time: 08:49 EST/13:49 GMT | News Source: Associated Press | Posted By: Byron Hinson | ||
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The government charged five employees of Nvidia Corp. of Santa Clara, Calif., with insider trading that netted them hundreds of thousands of dollars. According to court documents and indictments unsealed Monday, the five bought thousands of shares of Nvidia stock last year based on insider information obtained through the workplace. The government claims that the defendants were privy to confidential information that the company had signed a $2 billion deal to supply graphics processors for the Xbox video game console developed by Microsoft Corp. | ||
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