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SEC charges previous Life Time Fitness executive & 7 others by inside trading

The traders allegedly purveyed those options for profits of about $866,209.
Beshey allegedly used the data to profit & agreed to split those profits by Fleming.
The SEC alleges Beshey tipped his friends Christopher M. Bonvissuto & Peter A. Kourtis by the understanding which both men would kick back a part of their trading proceeds to Beshey.
Weller allegedly gave Kourtis at least ten pounds of marijuana instead of cash in return for the tip.
The United States Attorney’s Office for the Northern territory of Illinois too reported criminal charges versus all 8 defendants on Friday.

Life Time Fitness VP, friends indicted in Chicago for insider trading

Life Time Fitness VP, friends indicted in Chicago for insider tradingAn executive of the Life Time Fitness chain & 8 others have been found guilty by Utilizing insider data to scoop up stocks before word of the Minnesota-based company’s discount in 2015 pushed share prices higher.
The United States attorney’s office in Chicago said Friday those who were found guilty made nearly $900,000 in illegal profits buying shares in Life Time Fitness company earlier in 2015.
The company’s vice president for corporate sales, Shane Fleming, is accused in an indictment returned in Chicago of passing along the insider advice to a friend who claimants said then told his girlfriend & other friends.
Messages seeking comment from Fleming & Life Time Fitness weren’t returned.
The chain operates fitness clubs in the Chicago ambit & around the country.
Life Time Fitness VP, friends indicted in Chicago for insider trading

Former Life Time Fitness exec, eight others accused of insider trading

as mentioned in CHICAGO — A previous executive at a great Minnesota-based fitness firm & 8 others are accused in a Fresh federal indictment of Utilizing insider data to scoop up stocks before word of the company’s discount in 2015 pushed share prices higher.
A Friday statement from the United States attorney’s office in Chicago tells the suspects made nearly $900,000 in illegal profits buying shares in Life Time Fitness company earlier in 2015.
Its vice president for corporate sales, Shane Fleming, allegedly passed the insider advice to a friend.
The share value soared from around $58 to around $70 within only days in March 2015 after a newspaper premier announced the company’s Suspended sale.
Messages seeking comment from Fleming & Life Time Fitness were not returned
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