Four men, including Alejandro Thermiotis, a relative of the King of Jordan, have been charged with conspiracy to commit insider trading related to MasTec's acquisition of Infrastructure and Energy Alternatives. The group, which includes Federico Nannini, his father Mauro Nannini, and friend Francisco Tonarely, allegedly used confidential information to purchase shares at lower prices, netting approximately $1 million once the acquisition was publicly announced. The U.S. Attorney's Office for the Southern District of Florida filed an indictment citing 24 related offenses, while the Securities and Exchange Commission has initiated a parallel civil lawsuit. The scheme reportedly began in June 2022 when Federico Nannini advised MasTec on the acquisition. If convicted, the defendants could face severe penalties, including up to 25 years in prison for each charge of securities fraud. The Jordanian Royal Palace has not commented on Thermiotis's involvement.