Feds nab ‘Octopussy’

From the strange-but-true department, today (Nov. 5), a famous name in the 007 canon was invoked by U.S. authorities.

The U.S. Securities and Exchange Commission filed a complaint against “a pair of lawyers for tipping inside information in exchange for kickbacks as well as six Wall Street traders and a proprietary trading firm involved in a $20 million insider trading scheme,” according to an SEC press release.

So far, so good. One of the people involved, according to the SEC, was Zvi Goffer, described as “a proprietary trader at New York-based firm Schottenfeld Group.”

Here’s the kicker from the same press release: “Goffer was known as ‘the Octopussy’ within the insider trading ring due to his reputation for having his arms in so many sources of inside information.”

No word yet whether Eon Productions or MGM will file a lawsuit against Goffer for trademark infringement.

To read the entire SEC press release, just CLICK HERE.

UPDATE: The New York Times weighs on this story, and its James Bond references, in a story you can read by CLICKING HERE.

2 Responses

  1. At least he had good taste in villian aliases :-/

    How come the blog isn’t on Twitter much?


  2. <>

    We fell behind on Twitter posts. We’re caught up now.

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