— Matt Taibbi and Molly CrabappleNow, Mack had been on Samberg’s case to cut him in on a deal involving a spinoff of Lucent. “Mack is busting my chops” to let him in on the Lucent deal, Samberg told a coworker. So when Mack returned from Switzerland, he called Samberg. Samberg suddenly decided to buy every Heller share in sight. Then he cut Mack into the Lucent deal, a favor that was worth $10 million to Mack. Dot connects to dot: a seemingly open-and-shut case. The SEC refused to investigate this highly suspicious-looking series of events, denying Aguirre the right even to talk to Mack about these trades. Again, this is well known and became the central focus of widely covered Senate hearings later in the decade. Aguirre was eventually ruled to have been wrongfully terminated and won a $755,000 settlement from the SEC.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 400)