Confessions of an Insider Trader

Lawyer Matthew Kluger shared secret info on 30 mergers
Photograph by Caitlin Teal Price for Bloomberg Businessweek

Every dawn in the early spring of 2011, Matthew Kluger peered out a window of his home in Oakton, Va., wondering when federal agents would knock at his door. Kluger, a mergers-and-acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that eluded detection for 17 years.

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