“We @ Deloitte got a vmail today warning us that a Chicago partner is under SEC investigation for insider trading. Deloitte is suing him.”
“We were told not to talk to the media. I should have said ex-Partner because he resigned suddenly in Sept. Tom Flanagan.”
I didn’t see the messages until Friday morning, Halloween. I immediately Googled the name and looked for SEC or other info on the case.
I Twittered what I found out.
3. Compounding his wrongdoing, Flanagan repeatedly lied about his clandestine activities in annual written certifications, going so far as to conceal the existence of a number of his brokerage accounts to avoid detection of his improper conduct…Flanagan still has not disclosed to Deloitte all the relevant details of his trading activities in violation of his obligations to the Partnership.