A teacher who knew too much about some of Silicon Valley's financial figures has been charged with insider dealing by the US Securities and Exchange Commission, along with five alleged accomplices.
Benjamin Wylam, a high school teacher and sports bookmaker, has been charged with participating in an insider trading ring, allegedly said on an internet message board that "insider trading is part of my investment strategy."
Wylam, according to a complaint [PDF] filed by the US Securities and Exchange Commission, is one of six men accused of making stock trades based on non-public financial information from Silicon Valley companies.
"In 2016 and 2017, Defendants Nathaniel Brown, Benjamin Wylam, Naveen Sood, Marcus Bannon, Matthew Rauch, and Naresh Ramaiya engaged in an insider trading scheme involving the securities of Infinera Corporation ..
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