Ever felt like the stock market is rigged so that you never come ahead? The latest in the governments insider trading crackdown is a former AT&T sales executive, Alnoor Ebrahim, who admitted this week to leaking data on BlackBerry and iPhone sales for AT&T to traders. Ebrahim was part of an expert network who was paid to get insider secrets to traders as consultants. Reuters quotes Ebrahim saying:
"I provided insider information concerning AT&T’s sales of Apple’s iPhone and RIM’s (Research In Motion Ltd (RIM.TO)) Blackberry products, as well as other handset set devices sold through AT&T distribution channels," Ebrahim told U.S. District Judge Paul Oetken in Manhattan.