News Corp And Insider Trading In The Phone Hacking Scandal

July 20. 2011

Rupert Murdoch

As many of you know, Rupert Murdoch and his company, News Corp, are embroiled in a disgraceful phone hacking scandal that saw them illegally wiretap and hack over 9,000 phone lines in Britain alone. Murdoch also engaged in criminal invasion of privacy in America and his native Australia as well.

However, during the course of the unlawful conduct, the company has publicly admitted to and paid questionable settlements in some cases, but hidden beneath that is the very unethical corporate crime of insider trading. News Corp used its illegal wiretapping and hacking to gain an undue advantage in business, in criminal violation of insider trading laws.

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