NEWARK, N.J. (AP) — Federal prosecutors in New Jersey have
accused the managing clerk of a New York City law firm and a stock
broker of netting nearly $6 million through an insider trading scheme.
FBI
agents on Wednesday arrested 40-year-old Steven Metro of Katonah, N.Y.,
and 42-year-old Vladimir Eydelman of Colts Neck, N.J. Both are charged
with conspiracy to commit securities fraud, securities fraud and tender
offer fraud.
Federal authorities allege Metro stole insider
information from the law offices of Simpson Thacher & Bartlett and
passed it on to a friend, who became a cooperating witness. Authorities
say the friend would then divulge the information to Eydelman, who
worked at Oppenheimer and Morgan Stanley.
Prosecutors say the scheme began in 2009.
An initial court appearance is set for Wednesday afternoon.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
NEWARK, N.J. (AP) — Federal prosecutors in New Jersey have
accused the managing clerk of a New York City law firm and a stock
broker of netting nearly $6 million through an insider trading scheme.
FBI
agents on Wednesday arrested 40-year-old Steven Metro of Katonah, N.Y.,
and 42-year-old Vladimir Eydelman of Colts Neck, N.J. Both are charged
with conspiracy to commit securities fraud, securities fraud and tender
offer fraud.
Federal authorities allege Metro stole insider
information from the law offices of Simpson Thacher & Bartlett and
passed it on to a friend, who became a cooperating witness. Authorities
say the friend would then divulge the information to Eydelman, who
worked at Oppenheimer and Morgan Stanley.
Prosecutors say the scheme began in 2009.
An initial court appearance is set for Wednesday afternoon.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.