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USA v. Siva et al

  1. April 05, 2019

    Tippee Gets 6 Months In BofA Insider Trading Case

    The former head of a Miami youth-focused nonprofit organization was sentenced on Friday to six months in prison for insider trading, after pleading out to making roughly $2 million by trading on tips from former Bank of America technology consultant Daniel Rivas.

  2. February 22, 2019

    Morgan Stanley Veteran Gets 18 Months For Insider Trading

    A Manhattan federal judge sentenced Michael Siva, a former financial adviser who worked at Morgan Stanley for 21 years, to 18 months in prison for insider trading on Friday, saying incarceration will send a message to finance pros not to take "quick and easy money."

  3. February 20, 2019

    Would-Be Investment Pro Gets 1 Year For Insider Trading

    A Florida man who sought to use the proceeds of insider trading to start an investment fund was sentenced to one year in federal lock-up on Wednesday, a harsher sentence than the probation he sought but about a third of what Manhattan federal prosecutors had asked for.

  4. December 21, 2018

    Low-Level Tippee Gets 3 Months In BofA Insider-Trade Case

    A Manhattan federal judge sentenced a 35-year-old software engineer to three months in prison Friday for taking illegal stock tips from a former Bank of America consultant and profiting by $51,000, telling the Rochester Institute of Technology grad that other would-be cheats must be deterred.

  5. October 18, 2018

    Last Tippee In $5M BofA Insider Trading Ring Takes Plea Deal

    A former Morgan Stanley vice president accused of trading on tips that came from a Bank of America technology consultant pled guilty to securities fraud conspiracy in Manhattan federal court on Thursday, making him the last of seven defendants in a $5 million insider trading ring to do so.

  6. September 07, 2018

    Army Vet Is 6th Of 7 BofA Insider Defendants To Plead Guilty

    An Army veteran on Friday became the sixth defendant out of a total of seven facing charges to cop to an insider trading scheme that raked in roughly $2 million from tips that flowed from a former Bank of America technology consultant.

  7. August 13, 2018

    Insider Trading Tied To BofA Staffer Yields Another Guilty Plea

    A man accused of trading at least six stocks based on insider tips about corporate transactions relayed to him from a Bank of America Corp. staffer pled guilty to a conspiracy charge in Manhattan federal court on Monday and faces a guidelines sentence of 18 to 24 months behind bars.

  8. July 20, 2018

    3 Plan Guilty Pleas In $5M BofA Insider Trading Case

    Three defendants accused of taking a total of $5 million in illegal profits from trades based on tips from a former Bank of America technology consultant are planning to plead guilty, a Manhattan federal judge heard on Friday, leaving one man on deck to stand trial.

  9. July 06, 2018

    Tippee Can't Get Separate Trial In $5M Insider Trading Row

    A New York federal judge said Thursday a security analyst must be tried with his co-defendants in a $5 million insider trading case because the three separate schemes alleged in the indictment share common facts.

  10. April 17, 2018

    Tippee Wants Separate Trial In $5M Insider Trading Case

    A computer and network security analyst from California told a New York federal judge Monday that he would be unfairly prejudiced if he was tried alongside three of his co-defendants in a $5 million insider trading case and asked that his case be severed to avoid the "extreme" risk of spillover.

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