Thursday, May 16, 2019
time with this article series
The SEC alleges that Prado began his illegal trading while on a business trip to Brazil, during which he sent an e mail to a friend that translated from Portuguese read, "I'm in Brazil with information that cannot be sent by email. You can't miss it." Prado later told his friend on a phone call that night that he heard 3G Capital was going to take Burger King private. The friend, a hedge fund manager in Miami, warned Prado that he should not trade on this information and should not encourage any of his customers to trade either..
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