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Notorious insider trading cases

"The Wall Street Journal " columnist R. Foster Winans was convicted in 1985 of giving information about stocks he was planning to write about in the "Heard On The Street" column to two stockbrokers , They used the information to make about $690,000. Winans’ cut was $31,000. Winan was sentenced to 18 months in prison. The other players in the case, including stockbroker Kenneth Felis—and Winans’ roommate, David Carpenter—were also convicted. A second stockbroker, Peter Brant, plead guilty.

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The Wall Street Journal/R. Foster Winans

The Wall Street Journal columnist R. Foster Winans was convicted in 1985 of giving information to two stockbrokers about stocks he was planning to write about in the Heard on the Street column. They used the information to make about $690,000. Winans’ cut was $31,000. Winans was sentenced to 18 months in prison. Other players, including stockbroker Kenneth Felis and Winans’ roommate, David Carpenter, were also convicted. A second stockbroker, Peter Brant, pleaded guilty.

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