Rogue Trader Pleads Guilty To $1B Apple Stock Fraud Scheme

Law360, New York (April 15, 2013, 7:59 PM EDT) -- Former Rochdale Securities LLC trader David Miller pled guilty Monday to conspiracy and fraud charges related to his role in a trading scam involving about $1 billion of Apple Inc. stock, the same day the U.S. Securities and Exchange Commission brought a civil complaint against him.

Miller, whose scam caused Rochdale to cease operations, entered his plea before a federal judge in Connecticut and now faces up to 25 years in prison when he is sentenced July 8.

“This defendant participated in a fraudulent scheme in which...
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Case Information

Case Title

Securities and Exchange Commission v. Miller

Case Number




Nature of Suit



Janet Bond Arterton

Date Filed

April 15, 2013


Government Agencies

UK Financial Services

UK Financial Services

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