A senior IT professional who was a trusted employee of a top Silicon Valley law firm is headed to prison.
Dimitry Braverman was arrested last year at his home in San Mateo, California. The 42-year-old man was accused of loading up on stocks and options for companies he knew had mergers or other major transactions on the way, because he had access to confidential information at the law firm he worked at, Wilson Sonsini Goodrich and Rosati.
Braverman, who made $305,000 in profits off the illegal transactions, pled guilty in November. The companies he traded on included retailer Gymboree, Drugstore.com, Epicor Software, Seagate Technology, software firm Dealertrack Technologies, storage company Xyratex, and pharmaceutical companies YM Biosciences and Astex Pharmaceuticals.
Aristotle Onassis made his first real money listening in on phone calls while he worked as a switchboard operator in Argentina. He went on to marry Jackie Kennedy.
(Score: 2) by Hairyfeet on Sunday August 02 2015, @04:38AM
$150K a year, probably spent at a club fed? Hell I'd take that deal, which is of course the problem with white collar crime laws, they give you so little punishment compared to what you net its nearly always a net gain. As I read years ago "Steal $50 in a hold up, get 15 years, steal 500 million? Become Senator."
ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
(Score: 0) by Anonymous Coward on Sunday August 02 2015, @04:56AM
Serpe noted that he had agreed to pay $520,433 in reparations to the US Securities and Exchange Commission, substantially more than the profits he made.
they give you so little punishment compared to what you net its nearly always a net gain.
Yeah, those prosecutors are sooo stupid. And you are a jeanyes!!!!
(Score: 0) by Anonymous Coward on Sunday August 02 2015, @03:05PM
Prosecutors tend to be stupid and/or corrupt, yes.
(Score: 2) by captain normal on Sunday August 02 2015, @05:04PM
So he agreed to over 1/2 million in reparations. Makes me wonder if maybe he (or pals of his) made much much more off the info. As for time in "Club Fed", a friend of mine spent a year in Lompoc for smuggling pot back in the late 70s. His life in the prison camp sounded a lot better than my couple of years in in a Silicon Valley cube farm at the same time.
When life isn't going right, go left.