Assistant Told To Lie To Feds About Squawk Box

Law360, New York (April 10, 2007, 12:00 AM EDT) -- A former assistant to one of the Merrill Lynch brokers accused of orchestrating the squawk box scheme was repeatedly pressured to lie to the government, according to her testimony on Monday.

Irene Santiago, who once worked as a brokerage assistant at Merrill & Co., told the U.S. District Court for the Southern District of New York that then-broker Timothy O’Connell told her to lie to prosecutors when asked whether he placed his telephone on the squawk box in order to allow day traders to listen to...
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