Former Oracle executive in insider trading scam

Christopher Balkenhol, a former Oracle vice president, has settled
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.

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

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

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