July 24 2018
French investigators suspect an investor illegally made 20 million euros ($23 million) from just one bet after getting a tip-off in 2014 about General Electric’s plan to buy part of Alstom.
The transaction — using derivatives — is one of several possible instances of insider-trading involving 38-year-old Frenchman Alexis Kuperfis that are under examination by criminal investigators, according to details contained in a ruling by the nation’s top court last month.