A €20 Million Insider-Trading Case Kept Alive in France as Privacy Bid Flops
- French cops used telecoms data to wiretap secret burner phones
- Traders, ex-SocGen, Merrill bankers have been charged in case
The Paris court of appeals.
Photographer: Riccardo Milani/AFP/Getty ImagesThis article is for subscribers only.
A French investigation into two traders suspected of making €20 million ($21.6 million) from insider tips was kept alive by a Paris court as their long-running privacy bid collapsed.
The investigation — France’s biggest insider-dealing case — had been hanging on a thread ever since traders Alexis Kuperfis and Lucien Selce won a key European Union ruling that threatened to undermine the validity of crucial evidence.