Ex-SEC Staffer Takes Plea In Private Equity Leak Case

By Stewart Bishop (September 8, 2020, 10:32 PM EDT) -- A former U.S. Securities and Exchange Commission staffer accused of improperly accessing information about a pending investigation into a private equity firm before he left to join the company copped Tuesday to a misdemeanor count of stealing government property.

Michael Cohn had been set for a bench trial soon, over the objections of the government, on charges of obstructing the SEC investigation, unauthorized computer access and disclosing confidential information without authorization. Prosecutors accused Cohn last year of improperly accessing information about an SEC investigation into GPB Capital before he joined the private equity firm in 2018.

However, his trial had been...

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