Insider trading needs to be legitimate inside knowledge of a company's positions that differs materially from public knowledge, and a person desides to buy or sell that security based upon the knowledge. It usually includes knowledge of the specific company differences and the time and subject matter of the release of the new information. Everyone involved in the trail of this informatin is subject to prosecution.
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad