Friday, 26 October 2012

Business Buzz 66: CBS Denver: Denver Businessman Indicted On Insider Trading

Business Buzz 66
Business news.....www.businessbuzz66.koolcentre.in,movies news.....www.koolcentre.in
CBS Denver: Denver Businessman Indicted On Insider Trading
Oct 26th 2012, 19:01

CBS Denver
CBSDenver.com - News for Colorado and Denver from CBS4, plus Sports, Weather, Traffic and Top Spots
Denver Businessman Indicted On Insider Trading
Oct 26th 2012, 19:00

DENVER (AP) — A Denver insurance executive has been indicted by a federal grand jury on five counts of insider trading.

Prosecutors said Friday that Michael Van Gilder traded based on inside information regarding a Denver oil and natural gas company called Delta Petroleum Corp.

Delta Petroleum was a Denver-based oil and gas exploration and development company that focused on the Gulf Coast and Rocky Mountains.

Prosecutors say Van Gilder provided insurance policies covering Delta’s business operations.

An attorney for Van Gilder could not be located for comment.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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