We're perilously near the end of what must be our favorite insider trading case. Back in 2004, a group of young bankers got together in a spa near the Fulton Fish Market and concocted a scheme that seemed based on every insider trading case that ever existed. They'd trade on their own M&A deals. They'd steal Business Week. (Really. Business Week.) They'd front the trades through Eastern European grandmothers. Basically, it's your best ideas when you are drunk. And they did it.
Now a federal court has entered final judgments against four of the defendants. The Commission charged 17 people in connection with an international scheme that netted nearly $7 million in illicit gains.

SEC Closes Case on Jail-Bound Insiders [CCH Wall Street]