Opening Up the Journal Scandal

Charges of "fraud and deceit" hit a reporter and his friends

The plan, according to the Securities and Exchange Commission, was first discussed after work one night last October at New York City's Renaissance-style Racquet & Tennis Club on Park Avenue. It was refined a few days later at a private home and golf club in the posh community of Locust Valley on Long Island's fashionable North Shore. Present: Peter Brant, 31, the handsome, polo-playing stockbroker who was one of Kidder Peabody's top salesmen, and Wall Street Journal Reporter R. Foster Winans, 35, one...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!