One of the traders on trial in the U.K.’s biggest ever insider trading probe said he spoke to journalists at the Financial Times and Daily Mail newspapers to try to get clues on what they would be publishing the following day.
Iraj Parvizi, 50, who is known in gambling circles as “the Mad Punter” due to his willingness to wager on anything, told the jury that his most successful strategy involved calling his sources at the British papers and trying to figure out what they were working on.
Source: ‘Mad Punter’ Used Journalists to Beat Stock Market - Bloomberg
Iraj Parvizi, 50, who is known in gambling circles as “the Mad Punter” due to his willingness to wager on anything, told the jury that his most successful strategy involved calling his sources at the British papers and trying to figure out what they were working on.
Source: ‘Mad Punter’ Used Journalists to Beat Stock Market - Bloomberg
