Former Stamford Trader Pleads Guilty To Apple Scheme

STAMFORD, Conn. — A former trader at Rochdale Securities in Stamford pleaded guilty to participating in a scheme to buy stock in Apple on Monday.

David Miller, 40, of Rockville, N.Y., pleaded guilty to one count of conspiracy to commit wire fraud and securities fraud, and one count of wire fraud, a release from the office of U.S. Attorney David B. Fein said. He is scheduled to be sentenced on July 8 and faces a maximum term of 25 years in prison, the release said.

He was arrested on Dec. 4, and has been released after posting a $300,000 bond, the release said.

Read the full story about the arrest of Miller and the scheme here.

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