Silicon Valley Insider Trading Bust Nets Biology Teacher-Bookie
- Prosecutors seek $999,000 forfeiture from high school teacher
- SEC says Benjamin Wylam got tips from best friend at Infinera
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A Silicon Valley high school teacher who moonlighted as a sports bookmaker was tagged by federal authorities with another moniker: inside trader.
U.S. prosecutors want Benjamin Wylam, a 42-year-old biology teacher in Santa Clara, California, to pay back $999,000 of more than $1 million they claim he earned using inside information given to him by his best friend who was an executive at Infinera Corp., a small-cap digital optical network maker.