State Crime Reports

Spanish Investor Charged with Impeding Federal Investigation into $4.6 Million Insider Trading Scheme

CHICAGO —(ENEWSPF)–July 1, 2016.   A federal grand jury in Chicago has indicted a Spanish investor for allegedly covering up an international insider trading scheme that netted more than $4.6 million.

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LUIS MARTIN-CARO SANCHEZ bought options of Canadian fertilizer producer Potash Corporation of Saskatchewan Inc., a few days before the company publicly announced an unsolicited buyout offer that drove its stock price up 27.7%, according to the indictment.  Sanchez made the timely trades after communicating…

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