Tip and Trade is a 2011 true crime book by Canadian author Mark Coakley, that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum who had worked at Sullivan & Cromwell and was working at Dorsey & Whitney, and a former lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span. The crime was detected in 2008. Cornblum committed suicide by jumping from a bridge as he was under investigation and shortly before he was to be arrested but before criminal charges were laid against him, one day before his alleged co-conspirator Grmovsek pled guilty.Ex-Dorsey Partner Kills Himself on Eve of Insider Trading DealPressReader - National Post (Latest Edition): 2010-01-08 - PRISON FOR INSIDE TRADER Grmovsek pleaded guilty and was sentenced to 39 months in prison;Forbes.com, "Canada insider trader may face 39 months in prison," Nov. 6, 2009 this was the longest term ever imposed for insider trading in Canada.
Reception Canada's national newspaper, The Globe and Mail, called Tip and Trade "riveting." A review by Quill & Quire was negative, stating that "the reader gets the impression that Coakley himself barely cares about his subject." Canadian Lawyer called it "compelling," and the Winnipeg Free Press called it "a helluva tale, if uneven in spots."
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External links Publisher's website Author's website