Two young London bankers who share an apartment, Darina Windsor and Benjamin Taylor, also shared inside information that they had on companies, such as Merck, Amgen, and Celgene,
with middlemen from 2012 to 2018. The middlemen then passed along that information to securities traders who were able to profit in the 7-figures range from the information. The two used burner phones and used cryptic and very literary code language and the code names “Pops” and “Popsy” in the e-mails to pass along what they had. One title in a e-mail was, “Once upon a time, there was a Pops searching for truffle in the Forest.” The two, now charged with insider trading, were also savvy with the spreadsheets. Popsy sent via e-mail an Excel spreadsheet in which she presented the amount of her cut. The spreadsheet took into account percentages for the participants, exchange rates, and the denomination of bills in her payments, i.e., how many Euro50 notes and $100 bills it would take to pay Pops and her.
The banks that employed Pops and Popsy remain unclear. There will however, be no further references allowed to truffles in work emails.