Accused IBM Inside Traders Weishaus, Conradt Arrested by FBI

Federal agents arrested two men who were accused by the U.S. Securities and Exchange Commission of taking part in an insider-trading scheme involving an International Business Machines Corp. (IBM) acquisition

David Weishaus was arrested today in Maryland and Thomas Conradt in Denver by FBI agents on insider-trading charges involving IBM’s 2009 takeover of SPSS Inc., said Peter Donald, a spokesman for the Federal Bureau of Investigation in New York.

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