US

How a successful investment banker used insider information to bankroll his mistress and child

Frank “Perk” Hixon Jr. was a Senior Managing Director at Evercore Partners until an insider trading scandal derailed his career. While he was still at the investment bank, Hixon Jr. had access to non-public information about his firm’s earnings and the sale of two companies that Evercore was involved in. Accounts belonging to his father and his mistress netted over $US700,000 from trades tied to these deals and announcements. 

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