In case you ever thought the U.S. stock market is an even playing field:

“I provided insider information concerning AT&T’s sales of Apple’s iPhone and RIM’s (Research In Motion Ltd) Blackberry products, as well as other handset set devices sold through AT&T distribution channels,” Ebrahim told U.S. District Judge Paul Oetken in Manhattan.

AT&T’s Marty Richter said:

“We took this matter very seriously and cooperated fully with the authorities,” said AT&T spokesman Marty Richtman. “The conduct alleged was clearly against our code of business conduct, and Mr. Ebrahim is no longer an AT&T employee.”

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