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NY Personal Pilot To Billionaire Investor Admits Role In Insider Trading Scheme
A private pilot from New York has admitted to taking part in an insider trading scheme involving his billionaire boss.
Albany County resident Patrick O’Connor, age 67, of Preston-Potter Hollow, pleaded guilty to securities fraud in Albany federal court on Monday, Feb. 26.
O’Connor worked as a personal pilot to billionaire Joseph Lewis, a British businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization.
According to prosecutors, Lewis, age 87, was regularly given material, non-public information about various companies for …
$30M Insider Trading Case: Hudson Valley Duo Profited From Pharmaceutical Merger Info, Feds Say
Four men from New York and Massachusetts, including a police chief, are accused of making millions of dollars through an insider trading scheme involving one pharmaceutical company’s acquisition of another.
The case, announced by the US Attorney’s Office in the Southern District of New York on Thursday, June 29, is one of four separate insider trading cases that reportedly generated a combined $30 million for those involved.
Named in the case are:
Shawn Cronin, age 43, of Dighton in Bristol County, Massachusetts and chief of the Dighton Police Department
Joseph Dupont, age 44, of Rehoboth…