The Butler Did It

Graham Lefford, the former butler for Robert F.X. Sillerman, has agreed to pay the U.S. Securities and Exchange Commission $66,200 for allegedly using insider information to make a profit from buying stock in the company that would eventually be known as CKX.

The government agency claimed Lefford, while at his boss’s house, saw a fax in 2004 that showed Sillerman had purchased Elvis Presley Enterprises.

Twelve minutes later, Lefford purchased penny stock in his boss’s company for $600 just before it surged 9,000 percent.

The SEC has asked Lefford to forfeit his profit and pay a $31,450 fine. Lefford did not admit to any wrongdoing.