Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Fla. man charged in NJ with securities fraud
Friday - 1/25/2013, 6:19pm EST
NEWARK, N.J. (AP) - A Florida man faces insider trading charges in New Jersey for allegedly tipping off two people to a company acquisition.
New Jersey's U.S. Attorney on Friday announced the arrest of 37-year-old Kevin Dowd of Boca Raton on a charge of conspiracy to commit securities fraud.
Prosecutors say Dowd used his position at the Florida office of an unnamed global wealth management firm to profit from a tip that Gilead Science Inc. was buying New Jersey-based Pharmasset Inc.
Dowd allegedly told two co-conspirators about the upcoming deal, which prosecutors say Dowd learned about from a customer.
Prosecutors say the alleged co-conspirators netted more than $700,000 buying stock before the $11 billion acquisition.
They allegedly paid Dowd $35,000 for his part in the plan.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)