Insider-Trading Gang Allegedly Courted Future Rothschild Banker
In a novel twist on insider trading probes, French authorities are investigating a network that allegedly tried to court elite university students and junior bankers, betting they'd one day land top finance jobs and hand over market-moving intelligence.
One of those students would later work for Rothschild & Co. on a secret €2 billion ($2.3 billion) plan by luxury billionaire Bernard Arnault to delist Christian Dior — a deal that never surfaced publicly but still triggered suspicious trades in Paris, Dubai and New York, according to confidential investigative documents.
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