U.S. Attorney for Central District of California: Former Accounting Manager of Pasadena Storage Business Agrees to Plead Guilty to Insider Trading That Led to Nearly $500,000 in Profits
September 28, 2023
September 28, 2023
LOS ANGELES, California, Sept. 28 -- The office of the U.S. Attorney for Central District of California issued the following news release on Sept. 27, 2023:
A former employee at a publicly traded Pasadena-based company has agreed to plead guilty to buying more than 66,000 company shares based on non-public information that the company was about to be acquired at a higher per-share price, and then selling the shares after news of the acquisition became public, resulting in nearly $50 . . .
A former employee at a publicly traded Pasadena-based company has agreed to plead guilty to buying more than 66,000 company shares based on non-public information that the company was about to be acquired at a higher per-share price, and then selling the shares after news of the acquisition became public, resulting in nearly $50 . . .