In
Inside Trading
Trial Ex-Rep
Buyer Asks
Mistrial For
Golfer Russo
Citing TMO
Rules
By Matthew
Russell Lee, Light
Read, Patreon
SDNY COURTHOUSE,
March 2 -- On
July 25, 2022
the SDNY
prosecutors
unsealed an
indictment of
ex Rep Stephen
Buyer for
illegal
trading on two
mergers.
On
July 27, Buyer
accompanied by
his wife was
in Courtroom
17B of 500
Pearl Street
to be
arraigned.
Inner City
Press live
tweeted it here.
On
March 1, 2023,
the trial
began with
opening
arguments.
Inner City
Press live
tweeted here.
On
March 2,
T-Mobile
executive (and
plus 2 hadicap
amateur
golfer, he
pointed out)
Anthony Russo
was on the
stand. On
direct
examination he
said Buyer
trading stock
would have
been
inappropriate
under
T-Mobile's
insider
trading rules.
With
the jury out
of the room,
Buyer's lawyer
asked for a
mistrial.
Judge Berman
asked for
briefing,
saying he
didn't want to
prejudge. He
pointed out at
the indictment
does speak of
stock sales,
and not only
purchases.
Buyer's lawyer
insisted on
the dates of
crime listed
in the
indictment.
Inner City
Press will
cover the
filings - for
now, thread here
OK-
now in insider
trading trial
of ex-Rep from
Indiana
Stephen Buyer,
Day 2. Witness
on telling
"legislative
consultants"
about T-Mobile
Sprint merger.
Witness
Anthony Russo:
Republican
consultants
included the
Steve Buyer
Group.
Democrats
included the
Podesta
Group.
[Also on
exhibit on
screen: Billy
Tauzin]
With
jury out of
room, Buyer's
lawyer asked
for a mistrial
based on
testimony
about
T-Mobile's own
insider
trading rules.
Judge sounds
skeptical but
asks for
briefing.
Inner City
Press will
continue to
cover the
trial. More
with analysis
on Substack here
***
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