Former Perot Systems Employee to Return $8.6 Million in Alleged Illicit Profits

In September, the SEC charged a former Perot Systems employee with illegally trading the company’s call options before the announcement of the company’s merger with Dell Inc.

On Wednesday, the employee, Reza Saleh, agreed to return all of his $8.6 million in allegedly ill-gotten gains resulting from sales after the announcement. The SEC will request that a court-appointed third party create a distribution plan for the illegal profits.

Read the SEC Press Release