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Business Crimes Hotline
NEW YORK
Wilson Sonsini Employee Pleads Guilty to Insider Trading
A former technology employee for Wilson Sonsini Goodrich & Rosati who was charged with using the firm's client information to acquire stock and options pleaded guilty last month to insider trading.
Dmitry Braverman admitted to using nonpublic information about planned merger and acquisition activity of at least eight law firm clients to acquire stock and options, resulting in more than $300,000 in profits.
Braverman, 41, a former senior systems engineer at Wilson Sonsini, pleaded guilty to one count of securities fraud before Southern District Judge Paul Engelmayer. He is scheduled to be sentenced in March. The securities fraud count carries a maximum sentence of 20 years in prison, a maximum fine of $5 million or twice the gross gain or loss from the offense, and forfeiture of the proceeds of the offense, the U.S. Attorney's Office said.
' Christine Simmons , New York Law Journal
'
A former technology employee for
Dmitry Braverman admitted to using nonpublic information about planned merger and acquisition activity of at least eight law firm clients to acquire stock and options, resulting in more than $300,000 in profits.
Braverman, 41, a former senior systems engineer at
' Christine Simmons ,
'
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