Ex-Perot Trader Faces 10 Years For Securities Fraud

Law360, New York (January 13, 2011, 7:56 PM EST) -- A former Perot Investments Inc. trader faces a 10-year prison term after he pled guilty Thursday to insider trading charges alleging that he pocketed $8.6 million off Dell Inc.’s buyout of Perot Systems Corp.

Reza Saleh, 55, pled guilty in the U.S. District Court for the Eastern District of Texas to misusing nonpublic information by investing in Perot Systems ahead of Dell’s announced $3.9 billion buyout offer in 2009

The Richardson, Texas, resident has already dealt with civil charges leveled by the U.S. Securities and Exchange...
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