If you've read this blog for any period of time you know of our three-year losing battle to rid the world of the menace to society known as  "Insider Trading Based on Advance Copies of Business Week."   As I put it back on Thanksgiving Day in this post entitled "All Roads Lead Back to Business Week,"

Trading on advance copies of Business Week--the doomed insider trading scheme that I have blogged about since August 2003.  The "legendarily unsuccessful" tactic that I listed as #1 on my original "Do Not Use" list for securities fraudsters, and which I most recently labeled the "gold standard of what not to do."  It's back again, when and where I least expected it. 

Like a Whack-a-Mole, this scourge is back.  Again.  Yesterday, the SEC announced that it had named 5 new defendants in a BW-related case (the WSJ Law Blog has this post with links to a separate criminal complaint and a video press conference). 

Incredibly, this case takes the BW saga to a new level:  The ringleaders of this scheme actually infiltrated one the magazine's printing plants by persuading two individuals to obtain jobs at the plant that printed BW!!  According to the SEC,

Plotkin and Pajcin also infiltrated one of the printing plants utilized by BusinessWeek, repeatedly obtaining advance copies of the market-moving Inside Wall Street (IWS) column in BusinessWeek. Plotkin and Pajcin recruited two individuals — first, Nickolaus Shuster, and later Juan C. Renteria, Jr. — to obtain employment at Quad/Graphics, Inc., one of four printing plants that print BusinessWeek magazine, for the sole purpose of stealing copies of upcoming editions of the magazine, and calling Plotkin or Pajcin to read them key portions of IWS — a widely-read column in the magazine that generally moves the price of the securities of companies mentioned in it — prior to the time the column became available to the public.

Wow. 

I've entitled this post the "Next Frontier" as opposed to the "Final Frontier" because there must be some still-unused tactic out there that could be used to steal information from BW.  For instance, the next case could revolve around defendants who fund a high school student's education at journalism school in order to help him get a job at Business Week writing the Inside Wall Street column.