Ex-Deloitte Chicago Partner Cops To Insider Trading

Law360, Chicago (August 8, 2012, 4:24 PM EDT) -- A former partner in Deloitte & Touche LLP's Chicago office pled guilty Wednesday to illegally trading on inside information about Deloitte clients including Motorola Inc. and Walgreen Co., according to prosecutors.

Certified public accountant Thomas P. Flanagan, 64, inked a plea agreement in which he copped to one count of securities fraud and admitted he raked in roughly $420,000 in insider trading profits and also passed nonpublic information about Deloitte clients to an unidentified relative, who was not charged and received at least $58,000 in illegal...
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