Former Oracle executive in insider trading scam

Former Oracle vice president settles SEC insider trading charges

Written by Nicholas Neveling

Accountancy Age, 15 May 2007

Christopher Balkenhol, a former Oracle vice president, has settled insider trading charges filed against him by the Securities Exchange Commission .

The US watchdog charged Balkenhol with obtaining information from his spouse, who was also employed at Oracle, on Oracle's secret acquisition targets and trading in shares based on this information.

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Balkenhol's wife was the lead assistant to two Oracle presidents and the Oracle chief executive.

Balkenhol paid $198,000 (£100,100) to settle the charges.

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