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US charges 30 people with roles in global insider trading scheme

US charges 30 people with roles in global insider trading scheme

US charges 30 people with roles in global insider trading scheme

BOSTON, May 6 (Reuters) – Federal prosecutors on Wednesday announced that 30 people including corporate lawyers and financial professionals have been indicted in connection with an insider trading scheme that relied on information about mergers stolen from major law firms.

Nineteen people were arrested and are expected to make their initial appearances in federal courts in California, Florida and New York, among other locations, federal prosecutors in Boston said. Two defendants in Russia and Israel are deemed fugitives.

(Reporting by Nate Raymond in Boston)

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