Microsoft Manager, Friend Accused of Insider Trading
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A former Microsoft Corp. executive and his friend made insider trades before company announcements, using disposable “burner phones” and stacks of cash to secretly reap more than $393,000, U.S. investigators said.
Brian Jorgenson, a manager in Microsoft’s corporate finance and investments division, tipped off Sean Stokke, a friend who allegedly traded on the information, the U.S. Attorney’s Office in Seattle said yesterday in a criminal complaint charging them with insider trading. The scheme ran from April 2012 through October of this year, prosecutors said.