Details: You are the new training manager for a large corporation that offers employees the opportunity to purchase company stock by having the money come directly from their paychecks. Using the following scenario and other recent real-life examples, develop a training session for the employees of the company. The training session should identify the crime, explain what federal agency would prosecute the crime, what the punishment might be, and provide other real-life examples of people who have committed this crime.

Identify and describe the crime that is committed in the following scenario; also, identify and describe the federal agency that could prosecute this crime. Additionally, describe two recent instances of this crime and identify the situation, individuals involved, and the punishment given.

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Scenario:

Jack and Diane are married and both executives at Electro-Source, a large multinational electronics company. The couple holds substantial Electro-Source company stock and the majority of their retirement funds depend on company stock performance.

Jack is a director within the marketing division, and Diane is a vice president in charge of all North American sales. One Friday, Jack advises Diane that the company lost a large government contract for new electronic components. The contract was worth over US$1 billion in sales and the loss could signal large layoffs. Government officials have not publicly announced their contract decision; however, they have advised, privately and confidentially, several nonwinning bidders, including executives at Electro-Source.

Jack and Diane decide to immediately sell the majority of their company stock to protect their retirement savings. The market on that Friday was favorable toward Electro-Source stock as earlier reports indicated that Electro-Sources was a finalist for the contract; however, as stated, a final decision was not public yet. Jack and Diane sell their stock to unsuspecting investors through their personal broker.