Alleged Insider Trader Garrett Bauer Dumped Evidence In A McDonald's, Couldn't Sleep At Night
Earlier this morning, Garrett Bauer, a trader who mostly "worked from home" and Matthew Kluger, an M&A attorney, were accused of running a decades-long insider trading scam that involved stealing information from several law firms. Recently, the duo became suspicious that the authorities were on to them and, naturally, went about destroying evidence. Because the feds were indeed building a case against the guys and had obtained permission to record their phone calls, we're privy to a conversation that took place on March 18, 2011, between Bauer and an individual only identified as CC-1. While Bauer doesn't walk CC-1 through the actual steps of how he broke a disposable phone in half (as accused insider trader Donald Longueuil did, noting the use of pliers), he does make us feel like we were in the McDonald's with him that night, particularly when he flipped out thinking some random guy buying a Big Mac was an undercover agent, and proceeded to ask the customer, "Do you know me?"
US Bauer v Kluger [PDF via Dealbook]