New Jersey federal prosecutors on Wednesday announced a finalized plea deal with Vladimir Eydelman, a former Morgan Stanley stockbroker charged last year in an alleged $5.6 million insider trading scheme involving law school grad and former Simpson Thacher & Bartlett managing clerk Steven Metro.
U.S. Attorney Paul Fishman in Trenton said Eydelman pleaded guilty to counts of securities and tender-offer fraud, as well as one count of conspiracy. Eydelman, 43, faces a maximum of 20 years in prison and a $5 million penalty on the fraud counts, and he must also forfeit any profits he received through insider trading, according to the federal prosecutor’s office.
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