Long­time Kad­mon con­sul­tant slapped with in­sid­er trad­ing charges re­lat­ed to $1.9B Sanofi buy­out

Months af­ter Sanofi snapped up Kad­mon for $1.9 bil­lion, a long­time Kad­mon con­sul­tant has been ac­cused of us­ing in­sid­er knowl­edge of the buy­out to make more than $400,000 in il­le­gal prof­its.

The SEC filed a com­plaint against Frank Glass­ner in a Man­hat­tan fed­er­al court on Tues­day, charg­ing him with in­sid­er trad­ing. The 68-year-old was al­so slapped with two se­cu­ri­ties fraud charges from the De­part­ment of Jus­tice, which car­ry max­i­mum prison sen­tences of 20 and 25 years, re­spec­tive­ly.

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