United States v. Bray

STAHL, Circuit Judge.

In what appears to be an ongoing trend, we again encounter a member of the Oakley Country Club (“Oakley”), a private institution located in Watertown, Massachu setts, answering to criminal securities fraud charges. 1 On this occasion, a jury convicted Robert Bray of illegal insider trading after he received material, nonpublic information about a local bank from a fellow Oakley member-and then used that information to make a substantial trading profit. On appeal, Bray insists that we set aside his conviction because the government presented insufficient evidence to…