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“1983 Wharton MBA recipient Anil Kumar and Adam Smith have also received probation sentences, and Thomas Hardin, a 1999 Wharton graduate, is awaiting sentence on similar charges.”

When you’re a student reporter at the University of Pennsylvania, and when the subject is the Wharton School’s scads of insider traders, you have to do a lot of digging. There’s a history here, and it’s pretty impressive.

Another reporter goes farther back:

[L]ast week’s conviction of a prominent Wharton MBA alum [was] the biggest insider trading case since the 1989 conviction of junk bond king Michael Miliken, another Wharton grad.

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UD thanks JND.

Margaret Soltan, September 25, 2012 3:37PM
Posted in: beware the b-school boys

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