Attorneys Arthur J. Cutillo and Jason Goldfarb were among several people arrested Thursday in a rapidly expanding hedge fund insider trading scandal that broke three weeks ago with the arrest of Raj Rajaratnam, head of the hedge fund Galleon Management, and five others. Mr. Cutillo allegedly gave information about mergers and acquisitions he gleaned as an associate at Ropes & Gray to Mr. Goldfarb, an associate with the personal injury firm Brecher Fishman Pasternack Walsh Tilker & Ziegler, who then passed the tips to the head of a ring who based trades on the information.
November 06, 2009 at 12:00 AM
1 minute read
Two lawyers were among several people arrested Thursday in a rapidly expanding hedge fund insider trading scandal.
Arthur J. Cutillo, 33, allegedly gave information about mergers and acquisitions he gleaned as an associate at Ropes & Gray to Jason Goldfarb, 31, an associate with the personal injury firm Brecher Fishman Pasternack Walsh Tilker & Ziegler. Prosecutors said that Mr. Goldfarb then passed the tips to the head of a ring who based trades on the information.
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