New York Paralegal Blog

Preet Bharara, the United States Attorney for the Southern District of New York, announced that Daniel A. Corbin, a day trader from Miami Beach, Florida, pled guilty today to conspiracy and securities fraud charges arising from a scheme in which he obtained and traded on material, non-public information. CORBIN pled guilty before U.S. Magistrate Judge HENRY B. PITMAN. Manhattan U.S. Attorney Preet Bharara said: “Daniel Corbin thought he had a golden source for inside tips and traded on the information he received with impunity. He played a high risk and high stakes game, and it caught up with him in the end.” According to the information, a superseding indictment, previously filed complaints, and statements made during today’s guilty plea proceeding: From February 2005 through September 2008, CORBIN obtained material, non-public information (“Inside Information”) from JAMIL BOUCHAREB. BOUCHAREB obtained the Inside Information about several mergers and acquisitions of public compa...

Vincent McCrudden, a former commodities trader, was charged in federal court today with two counts of transmitting threats to kill 47 current and former officials of the U.S. Securities and Exchange Commission ("SEC"), the Financial Industry Regulatory Authority ("FINRA"), the National Futures Association ("NFA"), and the U.S. Commodities Futures Trading Commission ("CFTC").1 McCrudden's initial appearance is scheduled for this afternoon before United States Magistrate Judge E. Thomas Boyle at the federal courthouse in Central Islip, New York. The charges were announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York; Lanny A. Breuer, Assistant Attorney General of the Criminal Division, United States Department of Justice; and Janice K. Fedarcyk, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office. According to the criminal complaint, which was unsealed today, McCrudden sent ...