Richard Lee, of the SAC Capital Lees, had a "senior internet research analyst" friend named Sandeep Aggarwal (illustrated at left), who had an unnamed friend working at Microsoft, who had material non-public information re: "a Microsoft-Yahoo partnership agreement...likely to be announced in the next two weeks." See if you can guess what happened next.
Anyway, Aggarwal was arrested yesterday. Marginally related, here's a picture of him in happier times, posing with some of the stuff you could buy from the eCommerce company he founded after his career "analyzing" things.
Sandeep Aggarwal arrested yesterday by FBI agents in San Jose, CA on insider trading charges [@NewYorkFBI]
SEC Charges Tipper of Confidential Information to S.A.C. Capital Portfolio Manager [SEC]
US v. Richard Lee, Sandeep Aggarwal [Complaint]
Sandeep Aggarwal Portrait [CNN Money]
Raising a growth round before aiming for a NASDAQ listing by 2016: The ShopClues Story [YourStory]
*Presumably. Unread emails, the immutable laws of physics, etc.
**Richard Lee also had a friend who had a friend at 3Com, because of course he did: