In Inside Trading Trial Ex-rep Buyer Asks Mistrial For Golfer Russo Citing T-Mobile Internal Rules

By Matthew Russell Lee, Light Read, Patreon

SDNY COURTHOUSE, March 2 -- On July 25, 2022 the SDNY prosecutors unsealed an indictment of ex Rep Stephen Buyer for illegal trading on two mergers.

On July 27, Buyer accompanied by his wife was in Courtroom 17B of 500 Pearl Street to be arraigned. Inner City Press live tweeted it here.

On March 1, 2023, the trial began with opening arguments. Inner City Press live tweeted here.

On March 2, T-Mobile executive (and plus 2 hadicap amateur golfer, he pointed out) Anthony Russo was on the stand. On direct examination he said Buyer trading stock would have been inappropriate under T-Mobile's insider trading rules.

With the jury out of the room, Buyer's lawyer asked for a mistrial. Judge Berman asked for briefing, saying he didn't want to prejudge. He pointed out at the indictment does speak of stock sales, and not only purchases. Buyer's lawyer insisted on the dates of crime listed in the indictment. Inner City Press will cover the filings - for now, thread here

OK- now in insider trading trial of ex-Rep from Indiana Stephen Buyer, Day 2. Witness on telling "legislative consultants" about T-Mobile Sprint merger.

Witness Anthony Russo: Republican consultants included the Steve Buyer Group. Democrats included the Podesta Group.  [Also on exhibit on screen: Billy Tauzin]

With jury out of room, Buyer's lawyer asked for a mistrial based on testimony about T-Mobile's own insider trading rules. Judge sounds skeptical but asks for briefing.
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