Demons & Dialog

Exposing hidden news, history, & the new world order

Did Heartland CEO Make Insider Trades?

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Heartland Payment Systems (HPY) and Federal investigators have released more details about the technical nature of the massive data breach made public last week, but have refused to pinpoint the exact date that Heartland first became aware there may have been a problem with their network security.

The date they settle on may well be the difference between market serendipity and an SEC investigation for insider trading, as an examination of stock sales made by Heartland CEO Robert O. Carr in the second half of 2008 raises some serious questions about just who knew what and when in the latest version of the worst-ever information security breach which has now spawned a class action lawsuit.   (See Chart on site)


Written by Michael Cooper

January 29, 2009 at 2:48 pm

Posted in Uncategorized

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