4 men, including a Jordanian royal relative, arrested for insider trading in MasTec acquisition.

Four men, including a relative of Jordan's King Abdullah II, have been arrested for insider trading related to MasTec's acquisition of Indiana-based Infrastructure and Energy Alternatives. Federico Nannini, his father Mauro, Alejandro Thermiotis, and Francisco Tonarely face charges of conspiracy to commit securities fraud and related offenses. They allegedly profited by sharing confidential information and purchasing shares before the acquisition was public.

September 15, 2024
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