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All the credit goes to Alex...thank also serfdom:

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bartermania   Friday, 01/06/06 04:10:00 PM
Re: serfdom post# 65
Post # of 94 
All the credit goes to Alex...thank also serfdom:

Posted by: Alex Chory
In reply to: bartermania who wrote msg# 1323 Date:1/6/2006 12:11:24 PM
Post #of 1329

they catch em sooner or later.............

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Insider-Trading Duo Ordered to Pay $2.8M
AP Online via NewsEdge Corporation :

NEW YORK_A federal judge in Manhattan has ordered a former NationsBank credit policy officer and his accountant friend to pay more than $2.8 million in an insider-trading case.

In an order filed Tuesday, U.S. District Judge Michael B. Mukasey ordered Richard A. Svoboda, a former credit policy officer in the Dallas office of NationsBank, to pay more than $556,000 in disgorgement, prejudgment interest and penalties.

Michael A. Robles, a one-time self-employed certified accountant, was ordered to pay nearly $2.3 million.

Regulators alleged that Svoboda improperly traded in the securities of nine companies based on information he had access to at his job at the bank. Svoboda was fired by NationsBank in March 1999.

The SEC also alleged that Svoboda tipped Robles, who used the information to trade in the securities of at least 20 companies.

The men made more than $1.2 million in illicit profit, the SEC said.

Svoboda pleaded guilty to criminal fraud and conspiracy charges in the case in February 2002. Robles was convicted of conspiracy, securities fraud and tender-offer fraud in October 2002. A federal appeals court affirmed his conviction in 2003.

Lawyers for Svoboda and Robles couldn't immediately be reached for comment late Wednesday.

NationsBank has since been renamed Bank of America Corp.

<<AP Online -- 01/06/06>>




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