Another Guilty Plea In $7M Insider Trading Scam

Law360, New York (October 24, 2006, 12:00 AM EDT) -- A printing plant worker who specifically took the job to steal advance copies of BusinessWeek magazine pled guilty on Monday to one count of conspiracy and one count of insider trading.

Nickolaus Shuster, who worked as a forklift operator at the Quad/Graphics Inc. plant in Hartford, Wis., told the U.S. District Court in Manhattan that he was paid from $500 to $1,000 every time he took a copy of the magazine before it officially came out.

“I knew what I was doing was wrong,” Shuster said,...
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