eBay Insider Trader Sentenced Just In Time To Prevent Him From Insider Trading On PayPal Spin-Off

Christopher Saridakis made $260K when his company was swallowed by eBay. Imagine what he could have done with foreknowledge of the PayPal split had he not gotten caught the first time.

A former eBay executive has been sentenced to 15 months in prison for his role in insider trading….

Saridakis, of Wilmington, Delaware, was a senior executive at GSI Commerce in March 2011 when it was about to be acquired by eBay Inc.

Saridakis acknowledged tipping off a friend by text message to buy GSI stock.

Former eBay Executive Sentenced to Prison for Insider Trading [WSJ]