Ex-director Yahoo! They will be fined for inside

Former senior director of business process management in Yahoo! Robert Kwok admitted to the trade in insider information about the company's transactions, Bloomberg reports. The top manager agreed to pay a fine, the amount of which the court will determine later.

As it turned out, the ex-managing unit of American Financial Rome Shah received confidential information about the quarterly profit of Yahoo! and potential transactions with other companies. In exchange, the manager from the American Financial informed KVOKA insider information about other companies.

In particular, KVK announced the upcoming transaction between Yahoo and Microsoft. This allowed Shah to buy 700,000 shares of Yahoo !!!! And earn 389,000 dollars on this. Both accomplices pleaded guilty.

Top managers were charged with conspiracy for fraud, they face up to five years in prison, reports Reuters . In Yahoo! They said that Kvk left the company in February 2010.