BOSTON – Federal authorities announced Wednesday that they have filed criminal charges against 30 individuals in connection with a widespread insider trading conspiracy that allegedly used confidential merger information obtained from prominent law firms.
The defendants include corporate attorneys and financial industry professionals who are accused of participating in the illegal scheme. According to federal prosecutors in Boston, 19 suspects have been taken into custody and are scheduled to appear before federal judges in multiple states including California, Florida, and New York.
Two additional defendants located in Russia and Israel remain at large and are currently considered fugitives by authorities.
