Deals
Two Ex-Brokers Charged with Trading Scheme Tied to IBM
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Two ex-brokers accused of running a $1.2 million insider-trading scheme tied to International Business Machines Corp.’s $1.2 billion acquisition of SPSS Inc. were indicted by U.S. prosecutors.
Thomas Conradt, 34, of Denver, and David Weishaus, 32, of Baltimore, were arrested today by the Federal Bureau of Investigation on securities fraud charges, said Peter Donald, a spokesman for the FBI’s New York office. They were scheduled to make court appearances today in Colorado and Maryland.