The Printer Who Read Ahead

The accused worked at a printing company that printed takeover papers for big firms. The names of the companies being targeted were hidden with blanks or fake names. He worked out the real names from other clues in the papers. He bought shares in those companies and sold them once the takeovers were announced, making just over $30,000 in 14 months. He never told the people who sold to him. He says he owed those sellers no duty to speak, so staying silent was not fraud.