Barclays Director Accused of Trading Tips for New Bathroom

Updated on
  • Steven McClatchey charged with insider trading in New York
  • McClatchey allegedly told plumber friend about future mergers

McClatchey, left, with his attorney, Steven Kartagener, in New York, on May 31, 2016.

Photographer: Bob Van Voris/Bloomberg

A former Barclays Plc director was accused by the U.S. of giving tips about future mergers and acquisitions to a plumber friend in exchange for cash and a new bathroom, an arrangement that went down the drain when the plumber snitched to the government.

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