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Criminal

Dec. 29, 2010

Consultant Pleads Guilty to Insider Trading

According to the U.S. attorney's office in the Southern District of New York, from 2007 to 2009, consultant Karl Motey and others participated in a scheme to defraud by executing securities trades based on insider information.


By Pat Broderick


Daily Journal Staff Writer


A California technology consultant has pleaded guilty to conspiracy and securities fraud charges in New York federal court.


According to the U.S. attorney's office for the Southern District of New York, consultant Karl Motey and others participated in a scheme to defraud from 2007 to 2009 by executing securities trades based on insider information from quarterly earnings and other market-related ...

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