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Bill Gates Fined $800,000 Over Stock Purchases

Posted by ryuzaki0 on from the drop-in-the-ocean dept.

Bronz writes "CNN Money is reporting that Bill Gates has been fined $800,000 for violating antitrust waiting period for stock purchases. The department alleged that Gates bought more than $50 million worth of stock in ICOS Corp. through his personal investment trust and failed to notify antitrust officials about the purchase, as required." It's also clarified: "The technical incident has nothing to do with the government's massive antitrust battles with Microsoft."

1 of 449 comments (clear)

  1. Pocket Change by ryen · · Score: 0, Redundant

    According to The Bill Gates Net Worth Page, that $800,000 "slap on the wrist" is about 0.0027% of his assumed net-worth ($30,115,295,145.09)