• 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
  • S&P 500 Surges to 6,000: Election Year Momentum
  • Wisconsin pulls out of Trump-era border wall funding lawsuit
  • Taxation in the Data Economy: The ‘Invisible’ Competition
  • Marianne Williamson returns to presidential race, saying Biden is vulnerable against Trump
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

Khanna draws the line between Fetterman and Feinstein absences amid...

April 17, 2023

WATCH: Biden forgets to shake hands with president of Brazil...

September 22, 2023

Biden vows Secret Service will provide Trump with ‘every resource’...

July 14, 2024

Biden’s reported support for SCOTUS term limits poses ‘grave threat...

July 24, 2024

JD Vance calls Trump’s offer to debate Harris on Fox...

August 3, 2024

Trump appeals partial gag order against him in Special Counsel...

October 18, 2023

Israel releases image of eliminated Hamas figures enjoying meal, other...

December 6, 2023

Rubio says Israel has ‘no choice’ but to seek ‘complete...

October 10, 2023

Kamala Harris says America experiencing ‘epidemic of hate’ after Florida...

August 28, 2023

Biden announces new northern border deal, fentanyl coalition with Canada...

March 25, 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

    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 5, 2025
    • Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

      July 4, 2025
    • From Oversold to Opportunity: Small Caps on the Move

      July 3, 2025
    • Money’s Not Leaving the Market — It’s Rotating!

      July 3, 2025
    • Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

      July 3, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,629 views
    • 2

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

      June 27, 2024 2,914 views
    • 3

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

      August 9, 2024 2,603 views
    • 4

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

      July 10, 2024 2,569 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,445 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,163)
    • Investing (538)
    • Stock (2,653)

    Popular Posts

    • 1

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

      June 25, 2024
    • 2

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

      June 27, 2024
    • 3

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

      August 9, 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

    • Week Ahead: NIFTY Set To Stay In A Defined Range...

      July 5, 2025
    • Essence Fest leads a summer of events for Black entrepreneurs...

      July 4, 2025
    • From Oversold to Opportunity: Small Caps on the Move

      July 3, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,163)
    • Investing (538)
    • Stock (2,653)

    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

    No handcuffs: Ex-prosecutor says Secret Service,...

    March 21, 2023

    Private-Sector Job Openings Remain High Despite...

    January 4, 2023

    Swing state voters tell NYT why...

    May 18, 2024
    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