U.S. Widens Insider-Trading Probe to Companies
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Three people who worked at technology firms, including chipmaker Advanced Micro Devices Inc., were arrested along with an “expert networker” as federal prosecutors expanded a probe of insider trading to companies.
A fifth man, Daniel DeVore, formerly a supply manager at Dell Inc., pleaded guilty in federal court in New York on Dec. 10 to conspiracy to commit securities fraud and wire fraud as part of the probe, prosecutors said today in a statement. He is cooperating with the investigation.