United States: Ex-VP of SAP charged of insider trading
24 Oct 2016

A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday.

According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP, based in the company’s Palo Alto office, he disclosed confidential information about SAP’s acquisition of the travel management company Concur to Douglas M. Miller of Dyer, Indiana.

Douglas Miller, 40, and Edward M. Miller, 43 of Munster, Indiana, and others then allegedly bought securities in Concur with the intention of profiting from these purchases and returning a portion of the profits to Salis, Department of Justice officials said.

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