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IT Worker Who Used Law Firm Job for Insider Trades Gets 2 Years in Prison

posted by CoolHand on Sunday August 02 2015, @03:32AM   Printer-friendly
from the crime-doesn't-pay dept.

Phoenix666 writes:

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.

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  • (Score: 3, Funny) by Tork on Sunday August 02 2015, @05:32AM

    by Tork (3914) Subscriber Badge on Sunday August 02 2015, @05:32AM (#216942)
    Collectible plates!
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