In June 2022, Federico Nannini, a consultant, began advising Coral Gables-based MasTec on its planned acquisition of Indiana-based Infrastructure and Energy Alternatives. He shared insider information with his family and friends, which led to a lucrative scheme.
The indictment reveals that Mauro Nannini purchased shares immediately after his son accessed confidential information regarding the acquisition. This raises questions about the ethics and legality of using insider knowledge for personal gain.
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