{
  "id": 3325203,
  "title": "Banker allegedly tipped friend about $8.1bn takeover; friend made $18.5m",
  "url": "https://urgent.news/2026/08/25/banker-allegedly-tipped-friend-about-8-1bn-takeover-friend-made-18-5m",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-25T16:55:20.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/world/us/banker-allegedly-told-his-longtime-friend-about-a-secret-8-1-billion-takeover-friend-bought-53-million-of-stock-and-made-18-5-million/articleshow/133519490.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "A former Bank of America investment banker has been accused by the SEC of tipping a longtime friend about a confidential $8.1 billion South Jersey Industries takeover. The friend allegedly bought $53 million worth of shares and made $18.5 million after the deal was announced. Both men deny the insider-trading allegations and face legal action.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}