Virginia Lawyer for Preeminent Firms Pleads Guilty in $37 Million Insider Trading Scheme Using Information Stolen from Employers

“Not only did Matthew Kluger defraud the investing public, he betrayed the colleagues and clients who depended on his confidentiality in some of the biggest deals of the last decade,” said U.S. Attorney Fishman. “In order to be confident in our markets, investors must have comfort that those with inside information won’t abuse positions of trust for personal gain.”

“In this time of economic uncertainty, securities fraud remains a top investigative priority for the FBI,” said Michael B. Ward, special agent in charge of the Newark Division of the FBI. “Millions of investors have entrusted their life savings to the integrity of the financial markets and the belief of a level playing field. Insider trading, such as the conduct attributable to Matthew Kluger, corrupts the process and tilts the playing field in favor of those privileged few with access to information not available to the public, and at the expense of unsuspecting and unknowing investors.”