• Analog Devices, dirty dealz

    From bitrex@21:1/5 to All on Wed Jan 19 15:31:24 2022
    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>

    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition
    of Linear Technology Corp., a semiconductor company based in Milpitas,
    Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and Younis, who the attorney’s office says purchased shares of Linear stock
    in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is
    one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Steve Goldstein@21:1/5 to bitrex on Wed Jan 19 20:17:09 2022
    On Wed, 19 Jan 2022 15:31:24 -0500, bitrex <user@example.net> wrote:

    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>

    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close >relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analogs planned acquisition
    of Linear Technology Corp., a semiconductor company based in Milpitas, >Calif., according to the attorneys office.

    Forte allegedly passed the information to two close friends, Manning and >Younis, who the attorneys office says purchased shares of Linear stock
    in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is
    one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>

    It says Roche will become Chairman effective with the annual
    shareholders' meeting, which I believe is in March.

    Global HQ moved from Norwood to Wilmington in 2020 or 2021, not sure
    which, after the fancy new building was completed.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to Steve Goldstein on Wed Jan 19 20:36:56 2022
    On 1/19/2022 8:17 PM, Steve Goldstein wrote:
    On Wed, 19 Jan 2022 15:31:24 -0500, bitrex <user@example.net> wrote:

    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>

    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close
    relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition
    of Linear Technology Corp., a semiconductor company based in Milpitas,
    Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and
    Younis, who the attorney’s office says purchased shares of Linear stock
    in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is
    one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>

    It says Roche will become Chairman effective with the annual
    shareholders' meeting, which I believe is in March.

    Yes, seems unlikely to be related. "Senior executive" could mean anything.

    Global HQ moved from Norwood to Wilmington in 2020 or 2021, not sure
    which, after the fancy new building was completed.

    I remember reading about the plan years ago but didn't know they'd
    actually finished and moved in, I can't easily find a press release
    about the completion on the AD site, anyway.

    I'm surprised that they kept it in Norwood as long as they did, that
    location was seriously outdated.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to bitrex on Wed Jan 19 20:41:48 2022
    On 1/19/2022 8:36 PM, bitrex wrote:
    On 1/19/2022 8:17 PM, Steve Goldstein wrote:
    On Wed, 19 Jan 2022 15:31:24 -0500, bitrex <user@example.net> wrote:

    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>


    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close
    relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition >>> of Linear Technology Corp., a semiconductor company based in Milpitas,
    Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and >>> Younis, who the attorney’s office says purchased shares of Linear stock >>> in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is >>> one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>


    It says Roche will become Chairman effective with the annual
    shareholders' meeting, which I believe is in March.

    Yes, seems unlikely to be related. "Senior executive" could mean anything.

    Global HQ moved from Norwood to Wilmington in 2020 or 2021, not sure
    which, after the fancy new building was completed.

    I remember reading about the plan years ago but didn't know they'd
    actually finished and moved in, I can't easily find a press release
    about the completion on the AD site, anyway.

    I'm surprised that they kept it in Norwood as long as they did, that
    location was seriously outdated.


    Haven't been up that way in years though so can't say if it's shuttered
    or not.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From bitrex@21:1/5 to bitrex on Wed Jan 19 23:56:48 2022
    On 1/19/2022 3:31 PM, bitrex wrote:
    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>


    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition
    of Linear Technology Corp., a semiconductor company based in Milpitas, Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and Younis, who the attorney’s office says purchased shares of Linear stock
    in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is
    one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>


    From:

    <https://www.reuters.com/legal/government/police-officer-others-charged-with-insider-trading-related-chipmaker-merger-2022-01-19/>

    "Manning and Younis through their trading made $7,979 and nearly $52,000
    in profits, respectively. A third person, a demolition company owner who
    did business with Younis, made $11,017 based on a trading tip by Younis, authorities said."

    Wow, what a lousy return, I thought someone had made real money.

    They must have been really persistent about telling anyone who would
    listen about what they did to get anyone to investigate a cop over 52
    grand; I expect that type of small-time insider trading happens
    a hundred times a day and nobody's the wiser because the participants
    know how to shut up

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Steve Goldstein@21:1/5 to bitrex on Thu Jan 20 08:50:36 2022
    On Wed, 19 Jan 2022 23:56:48 -0500, bitrex <user@example.net> wrote:

    On 1/19/2022 3:31 PM, bitrex wrote:
    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>


    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close
    relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analogs planned acquisition
    of Linear Technology Corp., a semiconductor company based in Milpitas,
    Calif., according to the attorneys office.

    Forte allegedly passed the information to two close friends, Manning and
    Younis, who the attorneys office says purchased shares of Linear stock
    in the week leading up to the public announcement of the acquisition on
    July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is
    one of the few reasons I can think of that ADI keeps their global HQ in
    that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>


    From:

    <https://www.reuters.com/legal/government/police-officer-others-charged-with-insider-trading-related-chipmaker-merger-2022-01-19/>

    "Manning and Younis through their trading made $7,979 and nearly $52,000
    in profits, respectively. A third person, a demolition company owner who
    did business with Younis, made $11,017 based on a trading tip by Younis, >authorities said."

    Wow, what a lousy return, I thought someone had made real money.

    It always amazes me how so many people will risk so much for so
    little.


    They must have been really persistent about telling anyone who would
    listen about what they did to get anyone to investigate a cop over 52
    grand; I expect that type of small-time insider trading happens
    a hundred times a day and nobody's the wiser because the participants
    know how to shut up

    It wouldn't surprise me if the SEC routinely looks at all stock trades
    related to takeover announcements. If you've got a person who never
    invests in a particular sector, then with remarkable prescience buys
    in just before a big price jump, then exits, well, that does perhaps
    merit a closer look. I don't know the particulars of this case but as
    a retired ADI employee will watch with interest.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rick C@21:1/5 to Steve Goldstein on Thu Jan 20 08:16:19 2022
    On Thursday, January 20, 2022 at 8:50:47 AM UTC-5, Steve Goldstein wrote:
    On Wed, 19 Jan 2022 23:56:48 -0500, bitrex <us...@example.net> wrote:

    On 1/19/2022 3:31 PM, bitrex wrote:
    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>


    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close >> relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition >> of Linear Technology Corp., a semiconductor company based in Milpitas,
    Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and >> Younis, who the attorney’s office says purchased shares of Linear stock >> in the week leading up to the public announcement of the acquisition on >> July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is >> one of the few reasons I can think of that ADI keeps their global HQ in >> that dump, anyway. Hey looks like they have a new chair of board as of
    today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>


    From:

    <https://www.reuters.com/legal/government/police-officer-others-charged-with-insider-trading-related-chipmaker-merger-2022-01-19/>

    "Manning and Younis through their trading made $7,979 and nearly $52,000 >in profits, respectively. A third person, a demolition company owner who >did business with Younis, made $11,017 based on a trading tip by Younis, >authorities said."

    Wow, what a lousy return, I thought someone had made real money.
    It always amazes me how so many people will risk so much for so
    little.

    They must have been really persistent about telling anyone who would >listen about what they did to get anyone to investigate a cop over 52 >grand; I expect that type of small-time insider trading happens
    a hundred times a day and nobody's the wiser because the participants
    know how to shut up
    It wouldn't surprise me if the SEC routinely looks at all stock trades related to takeover announcements. If you've got a person who never
    invests in a particular sector, then with remarkable prescience buys
    in just before a big price jump, then exits, well, that does perhaps
    merit a closer look. I don't know the particulars of this case but as
    a retired ADI employee will watch with interest.

    Details of trading can trigger an investigation, but is not in itself remotely enough to support a claim of insider trading. If the communications are kept to untraceable means, then there is no way to convict. The problem is in most cases the
    communications are completely visible through cell phones or worse text where not only the timing but the content is visible. Go old school and communicate by smoke signals or use something untraceable like a burner phone or web sites from a foreign IP
    address (like a VPN), not your home or work.

    The SEC is very patient. They will track people for weeks and months to let them slip up. I don't think it matters how much you make. They want the perpetrators unmasked. After all, do it once and get away with it and you may try to do it again, and
    again...

    Remember Martha Steward? In fact, her crime was not the insider trading which would have been a simple fine, but lying to the federal investigators which was a felony.

    --

    Rick C.

    - Get 1,000 miles of free Supercharging
    - Tesla referral code - https://ts.la/richard11209

    --- SoupGate-Win32 v1.05
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  • From bitrex@21:1/5 to Rick C on Thu Jan 20 12:14:12 2022
    On 1/20/2022 11:16 AM, Rick C wrote:
    On Thursday, January 20, 2022 at 8:50:47 AM UTC-5, Steve Goldstein wrote:
    On Wed, 19 Jan 2022 23:56:48 -0500, bitrex <us...@example.net> wrote:

    On 1/19/2022 3:31 PM, bitrex wrote:
    <https://whdh.com/news/needham-police-officer-2-others-arrested-in-connection-with-insider-trading-scheme/>


    "Beginning in or around June 22, 2016, Forte, an officer with the
    Needham Police Department, obtained non-public information from a close >>>> relative who is a senior executive at Analog Devices, Inc., a
    Norwood-based semiconductor company, about Analog’s planned acquisition >>>> of Linear Technology Corp., a semiconductor company based in Milpitas, >>>> Calif., according to the attorney’s office.

    Forte allegedly passed the information to two close friends, Manning and >>>> Younis, who the attorney’s office says purchased shares of Linear stock >>>> in the week leading up to the public announcement of the acquisition on >>>> July 26, 2016."

    The senior execs having lots of "family" in the area (like the Mafia) is >>>> one of the few reasons I can think of that ADI keeps their global HQ in >>>> that dump, anyway. Hey looks like they have a new chair of board as of >>>> today, interesting.

    <https://www.analog.com/en/about-adi/news-room/press-releases/2022/1-19-2022-vincent-roche-succeed-ray-stata-chair-of-analog-devices.html>


    From:

    <https://www.reuters.com/legal/government/police-officer-others-charged-with-insider-trading-related-chipmaker-merger-2022-01-19/>

    "Manning and Younis through their trading made $7,979 and nearly $52,000 >>> in profits, respectively. A third person, a demolition company owner who >>> did business with Younis, made $11,017 based on a trading tip by Younis, >>> authorities said."

    Wow, what a lousy return, I thought someone had made real money.
    It always amazes me how so many people will risk so much for so
    little.

    They must have been really persistent about telling anyone who would
    listen about what they did to get anyone to investigate a cop over 52
    grand; I expect that type of small-time insider trading happens
    a hundred times a day and nobody's the wiser because the participants
    know how to shut up
    It wouldn't surprise me if the SEC routinely looks at all stock trades
    related to takeover announcements. If you've got a person who never
    invests in a particular sector, then with remarkable prescience buys
    in just before a big price jump, then exits, well, that does perhaps
    merit a closer look. I don't know the particulars of this case but as
    a retired ADI employee will watch with interest.

    Details of trading can trigger an investigation, but is not in itself remotely enough to support a claim of insider trading. If the communications are kept to untraceable means, then there is no way to convict. The problem is in most cases the
    communications are completely visible through cell phones or worse text where not only the timing but the content is visible. Go old school and communicate by smoke signals or use something untraceable like a burner phone or web sites from a foreign IP
    address (like a VPN), not your home or work.

    Right, it is the kind of thing they may routinely look at for
    fascinating coincidences, but it's a fascinating coincidence without
    more than that.

    The police officer had a family member in ADI who he overheard some
    stuff from, and if he'd made a (relatively) modest trade of 50k on this
    info himself and never spoke of it again, well...as I say I think that
    stuff happens relatively often and nobody gets bagged for it.

    The SEC is very patient. They will track people for weeks and months to let them slip up. I don't think it matters how much you make. They want the perpetrators unmasked. After all, do it once and get away with it and you may try to do it again,
    and again...

    The Trump admin's SEC was lackadaisical as you'd expect, looks like
    maybe the feds have stepped it up again.

    Best guess is (and it's only a guess) is that because the officer told a
    couple old townie buddies also, they made small change but couldn't keep
    quiet about it. And one or both of them eventually blabbed to the wrong
    person who tipped off the feds, and they were able to pull enough dirt
    by whatever mechanism to feel confident bagging the lot of them.

    Mr. Officer should have known better than to tell his old chums shit, if
    that is how it went down I expect any objective observer could tell you
    those doofs knew how to "cover their tracks" about as well as a bull in
    a china shop, I know the type. Didn't Ayn Rand say something about the
    virtue of selfishness?

    Remember Martha Steward? In fact, her crime was not the insider trading which would have been a simple fine, but lying to the federal investigators which was a felony.


    --- SoupGate-Win32 v1.05
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