Ex-financial analyst pleads guilty in insider trading case

[Judi Lynn]

Source: Associated Press

Ex-financial analyst pleads guilty in insider trading case
| February 19, 2015 | Updated: February 19, 2015 7:30pm

NEW YORK (AP) — A former Merck & Co. senior finance analyst has pleaded guilty in New York to insider trading charges.

Zachary Zwerko pleaded guilty in Manhattan federal court to conspiring to commit securities fraud and three securities fraud counts. A plea agreement recommended a three to four-year prison sentence.

Assistant U.S. Attorney Jessica Masella said the 32-year-old Cambridge, Massachusetts, resident passed along secrets that earned $722,000 in illegal profits.

Zwerko's lawyer, Gary Pelletier, said he'll seek leniency for his client at a May 15 sentencing.


Read more: http://www.chron.com/news/crime/article/Ex-financial-analyst-pleads-guilty-in-insider-6090569.php

[groundloop]

1. I gotta' believe that type of crime is quite common

If I were in a position to know insider 'secrets' it would be damned hard to avoid the temptation of easy money.