The FBI reports that a trader who last year made an unauthorized purchase of nearly US$1 billion worth of Apple stock has pled guilty to wire fraud, securities fraud, and conspiracy.
On October 25, 2012 -- the same day Apple posted its Q3 2012 earnings -- David Miller of Rochdale Securities made a number of unauthorized purchases of Apple shares which ultimately led to the demise of the financial services firm he worked for.
The aim of Miller's action was to make a lot of money ve