SEC v. Watson

Oliver-Barret Lindsay allegedly engaged in insider trading in advance of an announcement by Long Blockchain Company. According to the SEC, Eric Watson tipped Lindsay about Long Blockchain's unannounced plans to pivot to blockchain technology. Lindsay allegedly tipped Gannon Giguiere, who purchased 35,000 shares of Long Blockchain stock and sold his shares for over $160,000 in profits, according to the SEC.

Summary generated from official Securities and Exchange Commission press release