Brian Santarias is a Hoboken resident listed at 84 Adams Street, Apartment 5C.
(The Wall St. Journal stated Mr. Santarias pled guilty today - as reported in the Reporter. The WSJ law blog says it is close but perhaps the plea is now official. He is said prepared to forfeit about $32K.)
The SEC also provided a great deal more information today. The criminal complaint can be found here.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21332 / December 10, 2009
Securities and Exchange Commission v. Brien P. Santarlas, 09-CV-10100 (S.D.N.Y.)
SEC Charges Additional Attorney in $20 Million Insider Trading Scheme
The Securities and Exchange Commission today announced insider trading charges against Brien P. Santarlas — a former attorney at Ropes & Gray LLP — for his role in the insider trading ring that made over $20 million trading ahead of corporate acquisition announcements using inside information tipped by Santarlas and his colleague at Ropes & Gray, Arthur J. Cutillo, in exchange for cash kickbacks. The SEC alleges that Santarlas misappropriated from his law firm material, nonpublic information concerning at least two corporate acquisitions involving Ropes & Gray clients — 3Com Corp. and Axcan Pharma Inc.