Father, son plead guilty to insider trading
http://dervishcom.blogspot.com/2011/08/father-son-plead-guilty-to-insider.html
When directors of Mariner Energy met by telephone on April 7, 2010, board member H. Clayton Peterson was given sensitive and confidential information: another oil and gas company was offering to buy Mariner.
Instead of keeping the information under his hat, Peterson called his son Drew Clayton Peterson the next day and told him to buy Mariner shares, the government says.
And later that day, during a visit to the gym, the younger Peterson told a close friend who ran a hedge fund that he, too, should consider buying Mariner stock.
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Source: http://feeds.washingtonpost.com/click.phdo?i=2c3fecd87fe0c3abff8e952b0cd08598
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