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Former Bank of America broker Theodore Sihpol III was found not guilty Thursday of facilitating late trades for a client. The jury acquitted Sihpol of 29 counts of larceny, securities fraud and related charges. The 37-year-old broker was the first person to stand trial arising from New York Attorney General Eliot Spitzer's probe into the financial sector. The verdict is the first significant loss for Spitzer during his otherwise successful tenure as the state's chief prosecutor.
June 10, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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