Whistleblower makes shocking IRS, insider trading allegationsBy John Crudele
August 15, 2018
A whistleblower made this shocking allegation to me last week: the IRS was tipping off members of Congress to corporate takeovers so the elected officials could profit from insider trading.
My snitch also charged that higher-level employees of the IRS also used that information to enrich themselves.
This may sound crazy but remember: Up until a few years ago members of Congress were allowed to trade stock based on information they got while performing their public duties. ...
There’s something you need to understand. The IRS places its workers permanently inside many companies where they continually receive privileged information while doing audits. So there’s plenty of money-making tips to go around.
The whistleblower said a lot of people got rich from the scheme he was describing.
“In addition my supervisor had planned on informing his manager who then could contact members of Congress so they could invest and profit from this information,†he said. “It was a way of securing a comfortable job on one of the boards like the Smithsonian once they retired.†...
Full story at New York Post