Lending Tree Exec To Plead Guilty

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David Anderson is a constant disappointment when it comes to insider trading. In the first place, the former LendingTree senior vice president apparently didn’t grab any money for himself. Second, he allegedly tipped off his girlfriend. (Do women still go for the whole stock-tip seduction thing anymore?) Third, she made something like less than $8,000 from his tip that IAC/InerActiveCorp was going to acquire LendingTree.
And now he doesn’t even fight the charges. Word comes today that he’s agreed to plead guilty to making false statements to the SEC. This isn’t even proper insider trading. It’s Martha Stewarting--getting caught for lying when questioned by the feds. Oh well. He’ll have up to five years in some white collar prison to consider exactly where he went wrong.

Former LendingTree exec to plead guilty
[Charlotte Business Observer]
Earlier on DealBreaker: Itty Bitty Insider Trading.

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