Wealthy Executives Make Millions Trading Competitors’ Stock With Remarkable Timing

3/27/2023

This article from ProPublica reveals a previously undisclosed program by the Internal Revenue Service (IRS) called the Corporate Fraud Study. The program involves IRS agents gathering and analyzing extensive data on various companies, including their stock trading activities. The article highlights specific cases where the IRS identified instances of potential insider trading or market manipulation by company executives. It examines the challenges faced by the IRS in enforcing securities laws and the potential impact of the program on corporate behavior. The article sheds light on the secretive nature of the program and raises questions about the effectiveness of current regulatory efforts to ensure fair and transparent markets.

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