{"id":887,"date":"2011-05-25T23:53:36","date_gmt":"2011-05-25T23:53:36","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2011\/05\/day_trader_pleads_guilty_to_se"},"modified":"2022-09-19T09:15:44","modified_gmt":"2022-09-19T14:15:44","slug":"day-trader-pleads-guilty-to-se","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/day-trader-pleads-guilty-to-se\/","title":{"rendered":"Day Trader Pleads Guilty to Securities Fraud Charges Related to Insider Trading Scam"},"content":{"rendered":"

\t\t\t\tDay trader Daniel Corbin has pleaded guilty to a securities fraud charge<\/a> accusing him of conspiring to make illegal trades based on confidential tips from the wife of an ex-Lehman Brothers salesman. He was one of five people indicted over this insider trading <\/a>scam in 2008 and the last to plead guilty.<\/p>\n

Corbin says that it was his partner, Jamil Bouchareb, who gained access to the material non-public information about Veritas DGC Inc. The information came from ex-Lehman Brothers salesman Matthew Devlin whose wife Nina Devlin worked at the public relations company Brunswick Group LLC at the time and had access to information about mergers and other deals. Devlin gave away that information without her consent. <\/p>\n

Following the insider tip, Corbin and Bouchareb used their joint account to purchase 2,500 shares of the company on September 1, 2006. On September 5, 2006, Compagnie Generale de Geophysique SA purchased Veritas DGC. Corbin and Bouchareb made a $16,000 profit from the trade. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Day trader Daniel Corbin has pleaded guilty to a securities fraud charge accusing him of conspiring to make illegal trades based on confidential tips from the wife of an ex-Lehman Brothers salesman. He was one of five people indicted over this insider trading scam in 2008 and the last to plead guilty. Corbin says that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811],"tags":[],"class_list":["post-887","post","type-post","status-publish","format-standard","hentry","category-insider-trading"],"yoast_head":"\nDay Trader Pleads Guilty to Securities Fraud Charges Related to Insider Trading Scam — Investor Lawyers Blog — May 25, 2011<\/title>\n<meta name=\"description\" content=\"Day trader Daniel Corbin has pleaded guilty to a securities fraud charge accusing him of conspiring to make illegal trades based on confidential tips from — May 25, 2011\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/day-trader-pleads-guilty-to-se\/\" \/>\n<meta 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