Two plead guilty to insider trading in Kodak before Trump loan announcement
A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count of securities fraud at a hearing before U.S. District Judge Ronnie Abrams in Manhattan. Both defendants were accused of buying Kodak shares in anticipation of the U.S. International Development Finan