Morgan Stanley Insider Case Yields Tip Chewer’s Plea
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A New York man admitted he served as a go-between for five years by illegally passing inside corporate information to a Morgan Stanley broker on notes at Grand Central Terminal and then chewing and swallowing the evidence.
Frank Tamayo, 41, pleaded guilty yesterday in federal court in Trenton, New Jersey, to taking part in a five-year scheme that made $5.6 million in profit. The broker, Vladimir Eydelman, 42, and Steven Metro, a law firm clerk accused of passing inside information, were charged in March and fired by their firms.