We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Morgan Stanley Employee Accused Of Theft

Law360 (April 5, 2007, 12:00 AM EDT) -- Prosecutors have nabbed a former employee of Morgan Stanley for allegedly conspiring to steal proprietary information regarding hedge funds from the firm.

Ronald Peteka, 41, was arrested Wednesday on a charge of conspiracy. If Peteka is convicted he could face a total sentence of five years in prison and a maximum fine of $250,000. He has been released on $35,000 bond.

The arrest follows the February guilty plea of Ira Chilowitz, a former computer consultant of Morgan Stanley, to four counts of conspiracy, transportation of stolen...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.