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 $700,000 from trades tied to these deals and announcements.
Watch more videos like this on The Alert Investor. An Alert Investor is a smarter investor. To subscribe to updates, visit www.thealertinvestor.com.
Follow BI Video: On Facebook