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NEW YORK—Arthur Cutillo, an attorney, pled guilty today to conspiracy and securities fraud charges arising from an insider trading scheme in which Cutillo misappropriated from his employer material, nonpublic information regarding law firm clients for securities trading, announced Preet Bharara, the U.S. Attorney for the Southern District of New York. Cutillo received cash payments for this inside information. Cutillo pled guilty before U.S. District Judge Richard J. Sullivan.
Attorney Pleads Guilty in Manhattan Federal Court to Insider Trading Charges
Seeded on Wed Jan 19, 2011 7:21 PM EST
Article Source: FBI, US State Attorney, US Dept of Justice- Enjoy this article? Help vote it up the 'Vine.
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This case was brought in coordination with President Barack Obama's Financial Fraud Enforcement Task Force, on which Mr. Bharara serves as a co-chair of the Securities and Commodities Fraud Working Group. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources.
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