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Steven Metro and friends allegedly made over $5.6m by stealing confidential information on mergers, acquisitions, and tender offers. It is claimed that Vladimir Eydelman, a stockbroker at Morgan Stanley, was Metro’s alleged middleman. He is said to be a co-operating witness, telling authorities the details of the scheme. US Attorney Paul Fishman said: ‘These defendants are charged with using confidential information that Metro allegedly stole from his employer to reap huge illegal profits.’ According to federal authorities, Eydelman and Metro invested more than $33m over four years to buy securities in 13 transactions. Source: SF Gate
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