Pump & Dump

The cousin sent a text. The retired trader sent in the orders.

Gerard Ryan, 62, spent decades on a trading floor before retiring to Mississippi. Then a family member at a New York biotech told him what the FDA was about to do, and he could not leave it alone.

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Pump & Dump

The search bar knew the answer before the world did

Federal prosecutors say a Google software engineer used an internal tool marked "Google Confidential" to clean up on Polymarket's Year in Search bets. The machine he used was the one sitting on his own desk.

Ponzi / Pyramid

The deal memo gets the conference room. The trade gets the burner phone.

Federal prosecutors say a ring of lawyers, traders, and tipsters turned the inside of merger negotiations into a private market. Thirty people are charged. The conference room was the leak.

Ponzi / Pyramid

The lawyer at the conference table knew the deal before the market did. So did his friends.

The SEC says a Los Angeles M&A attorney and a Long Island trader ran a leak pipeline out of global law firms for six years, turning client confidences into trades. Twenty-one defendants. Twelve-plus deals. Two fugitives.

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