
Elite Lawyers Accused of Million-Dollar Insider Trading, Speaking in Code
A decade-long insider-trading scheme allegedly run by elite corporate lawyers used code words like 'rabbi' and 'coffee' to discuss confidential merger information harvested from firms such as Wachtell Lipton, Latham & Watkins, and Goodwin Procter, enabling trades on deals including Anadarko-Occidental and Tim Hortons-Burger King. The operation spanned 2014–2024 with about 30 defendants across two indictments, numerous arrests, some fugitives, and sophisticated concealment via burner phones, offshore accounts and shell entities.
