Accountant’s plea on insider trading shocks Denver business community

Throughout the 1990s, Peterson handled high-profile audits in Colorado for Andersen, then the state’s largest accounting firm. He socialized with Denver’s elite and hosted black-tie charity fundraisers. Even after Andersen collapsed in 2002 and Peterson lost his employer of 33 years, he retained his reputation and high-level contacts, serving on the boards of directors of Re/Max and other companies. So it shocked the Denver business and philanthropic communities when Peterson, 65, pleaded guilty Aug. 5 to securities fraud and conspiracy, admitting that he passed confidential information about a pending merger to his son and pressured him to trade stocks on the tip. His son, Drew Peterson, 35, a Denver investment adviser, pleaded guilty to the same charges.

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