Barclays Director Caught Giving Plumber Trading Tips in Exchange for Home Renovations

by Michael Krieger
Liberty Blitzkrieg

Serious question: Is there any illegal activity that someone at Barclays hasn’t been accused of engaging in?

Bloomberg reports:

A former Barclays Plc director was accused by the U.S. of giving tips about future mergers and acquisitions to a plumber friend in exchange for cash and home renovations.

Steven McClatchey, 58, who worked in the investment-banking division, told the plumber about 11 impending mergers and acquisitions from March 2014 to August 2015, the government said. The plumber wasn’t named.

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