Xbox sleaze scandal emerges
nVidia in the dock as Microsoft stays clean. Insider trader row boils over
The American government has charged five nVidia employees with insider trading that is said to have netted the accused hundreds of thousands of dollars.
In what must be seen as the most shocking news to emerge from the aftermath of the machine’s launch, it has been alleged that documents and indictments opened yesterday detail events leading up to the accused buying thousands on nVidia shares, on information obtained through the workplace.
According to FBI agents, the employees were in on the deal that Microsoft was about to sign with nVidia, for the supply of the graphics chips for the Xbox console, before the information had been announced to the markets.
This news follows on from recent events that saw the Securities and Exchange Commission sue 15 people for allegedly partaking of a bit of insider trading of nVidia stock, in relation to the Xbox deal.
In what must be seen as the most shocking news to emerge from the aftermath of the machine’s launch, it has been alleged that documents and indictments opened yesterday detail events leading up to the accused buying thousands on nVidia shares, on information obtained through the workplace.
According to FBI agents, the employees were in on the deal that Microsoft was about to sign with nVidia, for the supply of the graphics chips for the Xbox console, before the information had been announced to the markets.
This news follows on from recent events that saw the Securities and Exchange Commission sue 15 people for allegedly partaking of a bit of insider trading of nVidia stock, in relation to the Xbox deal.
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