Wilmington Man Charged In $1.4 Million Insider Trading Case – Town Square Delaware LIVE
Prosecutors say he used confidential reactor-restart information to net $1.48 million in single-day profits, the indictment says.
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Wilmington Man Charged In $1.4 Million Insider Trading Case – Town Square Delaware LIVE
Federal prosecutors say an engineering manager used confidential information about a nuclear restart to buy call options WILMINGTON — A Wilmington man who worked as an engineering manager for a publicly traded energy company has been indicted on federal charges alleging he used confidential information about a nuclear reactor restart to make nearly $1.5 million in an insider trading scheme. Casey Muggleston, 44, was charged by a federal grand ju…
Officials: Man Indicted For Insider Trading Tied To Three Mile Island Restart
A federal grand jury has indicted Casey Muggleston, an engineering manager at Constellation Energy, for allegedly orchestrating a $1.4 million insider trading scheme tied to the restart of the Three Mile Island nuclear facility. Federal prosecutors announced the charges following a joint investigation by the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC). Muggleston, 44, faces one count of securities …
Engineer Charged In $1.4 Million Nuclear Restart Insider Trading Case
Federal prosecutors in Delaware have charged Casey Muggleston with securities fraud and insider trading after he allegedly used confidential information about Constellation Energy's plan to restart the Three Mile Island Unit 1 nuclear reactor and sell its power to Microsoft. The U.S. Attorney's Office for the District of Delaware said Muggleston purchased hundreds of call options before the September 20, 2024 announcement and sold 550 contracts …
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