• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Former GOP Rep. Steve Buyer convicted of insider trading
Economy

Former GOP Rep. Steve Buyer convicted of insider trading

by March 11, 2023
by March 11, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A former Indiana congressman and Persian Gulf War veteran was convicted Friday of insider trading charges after a two-week jury trial.

The verdict against Steve Buyer, a Republican lawyer who served in Congress from 1993 to 2011, was returned after a jury heard evidence about stock purchases he made after he became a consultant and lobbyist.

Buyer once chaired the House Veterans’ Affairs committee and served for a time as a House prosecutor during former President Bill Clinton’s 1998 impeachment trial.

The jury returned guilty verdicts on four securities fraud charges. Judge Richard M. Berman set sentencing for July 11.

Prosecutors said at trial that Buyer took information from clients and used it to make illegal stock trades.

His lawyers, though, argued that he was a stock market buff who did research that led to legal profitable trades. They said it was a coincidence that his clients purchased two companies that he had invested in.

Authorities said Buyer made over $320,000 illegally for himself, relatives and a woman with whom he’d had an affair.

Buyer, 64, was an Army reservist with a solo law practice in Monticello, Indiana, when he was called for active duty during the 1990-91 Gulf War. He served as a legal adviser in a prisoner of war camp.

On returning home, he ran for Congress and unseated three-term Democrat Jim Jontz in 1992.

While in Washington, Buyer helped draw attention to Gulf War-related illnesses, and he worked on other issues relating to the military, veterans, prescription drugs and tobacco.

This post appeared first on FOX NEWS
You Might Also Like
  • No Labels still pursuing third-party candidates after Manchin’s decision not to run for president
  • Brazil’s leftist president concerned Biden can’t beat Trump: ‘I think Biden has a problem’
  • Massie threatens to oust Speaker Johnson if he doesn’t step down over foreign aid plan
  • UN agency calls for ceasefire in Israel-Hamas war: ‘Matter of life and death for millions’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Stacey Abrams’ Fair Fight Action fundraises off Alabama tornado aftermath
next post
Stanford DEI dean slams invited federal judge to his face at campus event, asks if free speech is ‘worth it’

You may also like

Israel urges Palestinians to evacuate Rafah ahead of expected ground...

May 6, 2024

New York Republican sues Democratic colleagues over high court vote

February 10, 2023

New York lawmakers consider adding pot shop crackdown to overdue...

April 26, 2023

European voters reject socialism, far-left policies in EU Parliament elections:...

June 11, 2024

DeSantis invites VP Harris to Florida to set the record...

August 1, 2023

Rhode Island lawmakers approve bill to replace lead pipes across...

June 16, 2023

USDCHF and USDJPY: New Targets and Prices for the New...

October 14, 2024

Speaker Johnson hails ‘Judeo-Christian tradition,’ outlines ‘optimistic vision’ in first...

October 31, 2023

KuCoin Fined $300M for Unlicensed U.S. Operations

January 28, 2025

IRS whistleblower is ‘not a political person,’ has documents to...

April 21, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

      May 29, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,764 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,450 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,429 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,307 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    ApeCoin and Akita Inu: Targets and...

    October 16, 2024

    Marine industry files lawsuit challenging legality...

    September 14, 2023

    North Dakota House passes bill banning...

    April 18, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here