Alleged insider trader Matt Kluger must be thanking the stars right now that he has parents who can afford to back his $1 million bond with $500,000 in cash. Thanks to his parents, the alleged prep school kid turned insider trader Matt Kluger who was arrested last week is "free" on house arrest. He can leave the house only to care for his and his partner's (surrogate) children or to get mental health counseling (if he leaves the house for any other reason, his electronic monitoring system -- an ankle bracelet, we're guessing -- will alert the police) but obviously, it's much better than the alternative (jail). You'll remember that the former M&A lawyer is alleged of insider trading based on tips he learned reading the law firm Wilson Sonsini's internal system to learn about upcoming deals. We already knew a lot about Kluger, like how he went to prep school, started his career at a car dealership, became a lawyer, and used his job to find out about upco
The fan blog of the notorious Matthew Kluger.