Ex-Morgan Stanley Employee Accused Of Theft

Law360, New York (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 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.