Daily Archives: August 16, 2017, 11:18 pm

Fugitive from Watertown arrested in Puerto Rico – The Boston Globe

A Watertown developer who skipped town after his securities-fraud conviction traded time behind bars for life in Puerto Rico, where he was arrested Friday night, according to officials. The arrest by US marshals ended a months-long flight for Robert H. Bray, 79, whose 2016 conviction for insider trading came after decades of working in local real estate development, including renovations…

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SEC Uncovers Wide-Reaching Insider Trading Scheme — SEC Press Release

The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.  Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted, self-destructing messaging application to evade…

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