Insider Trading at American Home?

CEO Strauss' sale of 2.9 million shares five days before the company's bankruptcy was announced raises plenty of questions

Michael Strauss, the founder and chief executive of American Home Mortgage Investment (AHMIQ), has faced a swarm of problems in recent months. One of the biggest, fastest-growing mortgage lenders in the country, its shares had slipped from a high of $36.40 last December to $10.47 by late July as the housing crisis deepened.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.