Find the names of caucasian male limousine drivers between the ages of
30 and 40 in New York City and Staten Island who were indicted for
insider trading sometime in 1984-1988 and were citizens of the United
States.

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Request for Question Clarification by pafalafa-ga on 24 Feb 2003 16:27 PST

Hello feefee,

I've tracked down a story that MAY be what you're looking for -- a
male NYC cab driver and his female companion, both 30 years old,
arrested for insider trading within the time frame you specified.  The
article I have does not make any mention of Staten Island.

Do you want me to post the details as an answer?  If so, please
understand that that it may be what you want, or it may not be.  The
decision is up to you.  Let me know if you need any additional details
in order to decide.

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Clarification of Question by feefee-ga on 24 Feb 2003 18:36 PST

Staten Island is not important, but is a cab driver considered a limousine?

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Request for Question Clarification by pafalafa-ga on 24 Feb 2003 18:44 PST

Generally, no, a cab driver is different than a limo driver.  If
driving a limo is a key element of what you're looking for then I
probably don't have the right story.  But a pretty comprehensive
search on "limousine" and "insider trading" didn't turn up anything
that I could find.

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Clarification of Question by feefee-ga on 24 Feb 2003 19:52 PST

I'd like the story.  All of it.

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Request for Question Clarification by pafalafa-ga on 25 Feb 2003 04:36 PST

Hello again.  Just one last thing, before I can answer your question.

I cannot post the entire story, word for word, due to copyright
restrictions.  But I can certainly provide you with a full and
detailed account of the original article -- the names of everyone
involved, type of charges filed, amounts of money involved, etc --
along with the citation for the article.  Many libraries would then be
able to get you a copy of the original if you're interested in seeing
it.

If that works for you, let me know, and I will provide all the
relevant details as an answer to your question.

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Clarification of Question by feefee-ga on 25 Feb 2003 11:22 PST

That's fine and dandy. Paraphrase and cite your reference.

Thank you pafalafa.

feefee

On June 6, 1984 the Associated Press (AP) released a story entitled 

“Taxi Driver Charged with Inside Trading, Swiss Bank Account”.  

The story was written by AP reporter, Paul Moses.  The details of the
story are as follows:


Stephen L. Wallis and Sharon Willey, both 30 years old, were were
arrested
on May 19, 1984.  In June, a grand jury indicted Wallis and Willey on
20 counts of conspiracy, securities fraud and mail fraud. Each count
carried a possible sentence of five years jail time.  In particular
the grand jury indicted the pair for:

(1) trading stock based on insider information

(2) keeping the proceeds in a Swiss bank account 

(3) failing to report the income on their tax returns. 

Wallis was a taxi driver in New York City, who recruited a passenger
with knowledge of impending corporate takeovers to provide inside
information.  Wallis allegedly paid the passenger, 23-year old Kenneth
Petricig, 23, for repeated access to inside information. Petricig was
a proofreader at the New York law firm of Skadden, Arps, Slate,
Meagher & Flom, a specialist in corporate takeovers.  Wallis met with
Petricig in his cab and in movie theaters, according to the charges
filed, and paid him amounts from $100 to $5,000 in exchange for
information about upcoming corporate deals.

The charges alleged that Petricig provided information on deals
involving Mesa Petroleum Co.'s bid for the General American Oil Co. of
Texas; Coastal Corp.'s bid for Texas Gas Resources Corp. and Houston
Natural Gas Corp.; Calvin Klein's bid for Puritan Fashions Corp.; and
leveraged buyouts involving Morgan Stanley & Co. and Southwest Forest
Industries, Inc.

Petricig had already pled guilty to insider trading charges at the
time of Wallis and Willey’s arrest as the pair were preparing to leave
the country and head to Switzerland.

Assistant U.S. Attorney Andrew J. Levander announced the charges.  A
separate set of charges was being prepared by the SEC in a suit
against Wallis, Willey and others.

Ronald W. Meister, attorney for Wallis, had no comment on the charges.

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I hope this is the information you need.  Let me know, through a
Request for Clarification, if anything is not clear.

Just what I wanted