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Man Allegedly Steals Insider Info, Doesn’t Trade On It

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Back to shilling zit cream.

Here’s a heartwarming, refreshing story: A former Bush administration spokesman turned TPG Capital spokesman saw some bad things going down deep in the heart of Texas. Or didn’t see anything, but was pissed because he was denied a promotion. In any event, one of the perks of being TPG spokesman is that you have a laptop and a Blackberry full of confidential information. Maybe even embarrassing information, or, better yet, material non-public information. Which means that you can either become an insider-trader, whistleblower or disgruntled employee seeking his revenge by leaking information to liberal rags.

Now, the refreshing part: The spokesman, Adam Levine, chose option B or C (depending on who you ask).

TPG accused the spokesman, Adam Levine, of taking “proprietary and confidential” information from the firm and leaking it to the New York Times and possibly other publications, according to a complaint filed in federal court in Fort Worth, Texas.

TPG, which said in the suit that it fired Mr. Levine amid the escalating dispute, claims he demanded “millions of dollars” in exchange for the return of his company-issued laptop and blackberry, which he still has.

“Mr. Levine was dismissed because he had alerted TPG senior management to serious issues of noncompliance and defrauding its investors of millions of dollars in fees and expenses,” said Barbara Rohn, his representative. “This is a blatant and shameful attempt to discredit a whistleblower.”

TPG Sues Ex-Spokesman for Allegedly Taking Documents From Buyout Firm [WSJ]


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