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Bloomberg News Video with Matthew Kluger

Former corporate attorney Matthew Kluger was part of a three-person insider-trading ring for 17 years, stealing secrets from some of the most prominent U.S. law firms, including Wilson Sonsini Goodrich & Rosati PC and Skadden, Arps, Slate, Meagher & Flom LLP. Speaking to Bloomberg News reporter David Voreacos at Kluger's Oakton, Virginia home, he provides a unique view of insider trading by a mid-level lawyer. Kluger, who made less than $1 million from the scheme, pleaded guilty and was sentenced last month to 12 years in prison, the longest insider-trading term in U.S. history -- a sentence he believes is unjust.


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Prep School Kid's Dad Pays $500,000 Bail

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
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About Matthew Kluger

A graduate of the  Hammonasset School ,  Cornell University , and  NYU School of Law , Matthew Kluger is the adopted son of  Pulitzer Prize -winning writer  Richard Kluger . Matt was employed at white-shoe prestigious law firms such as  Cravath, Swaine & Moore ,  Skadden, Arps, Slate, Meagher & Flom ,  Fried, Frank, Harris, Shriver & Jacobson , and  Wilson Sonsini Goodrich & Rosati . Matt currently calls Norther Virginia home where his three sons currently reside with his former partner.
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