Senior IT worker at top tech law firm arrested for insider trading

[InfoSec News <alerts () infosecnews org>]

http://arstechnica.com/tech-policy/2014/09/senior-it-worker-at-top-tech-law-firm-arrested-for-insider-trading/

By Joe Mullin
Ars Technica
Sept 17 2014

A senior IT employee with the law firm Wilson Sonsini Goodrich & Rosati 
has been arrested for grabbing the firm's confidential client information 
and using it to trade stocks.

FBI agents arrested 41-year-old Dimitry Braverman at his San Mateo, 
California, home on Tuesday morning, according to a report in the New York 
Law Journal. He was released on a $500,000 bond secured by $100,000 cash.

That same day, the SEC filed a civil suit against Braverman. He's accused 
of loading up on stock and stock options over a three-year period for 
companies involved in eight pending transactions. After the transactions, 
he sold the stock or used his options, reaping about $297,000 in profits.

It's the second time in recent years that a Wilson Sonsini employee has 
been charged with insider trading. The law firm has legendary connections 
in Silicon Valley, stretching back to when it represented Apple in its 
initial public offering in 1980.

[...]



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