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Legal Mag > Blog > Regulation > Second Circuit Narrows Reach of Wire Fraud and Insider Trading Prohibitions
Regulation

Second Circuit Narrows Reach of Wire Fraud and Insider Trading Prohibitions

Press Room
Press Room 1 month ago
Updated 2023/02/15 at 6:08 PM
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This article appeared in Business Crimes Bulletin, an ALM/Law Journal Newsletters publication that features the news and analysis you need to stay on top of the fast-changing, multi-faceted world of financial and white-collar crime.

On Dec. 27, 2022, the Second Circuit published its long-anticipated decision in United States v. Blaszczak, which had been argued more than 18 months earlier. The Circuit vacated defendants’ convictions on multiple counts arising out of a scheme to appropriate information regarding the Centers for Medicare & Medicaid Services’ reimbursement rates, which information the Court held was not “property” or a “thing of value” for purposes of the relevant statutes.

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