Two Men Said to Be Arrested in FBI Insider Trading ProbePatricia Hurtado
Two men were arrested by Federal Bureau of Investigation agents in New York as part of an insider trading probe, a person familiar with the matter said.
Daryl Payton and Benjamin Durant were arrested today at their homes in Manhattan, said the person, who requested anonymity because the matter isn’t public.
The arrests are the latest in a federal crackdown by the Manhattan U.S. Attorney’s office and the FBI against insider trading at hedge funds, technology companies and so-called expert networking firms.
To date, at least 86 people have been charged since 2009, resulting in 81 convictions, most after guilty pleas. No one individual charged with insider trading has been acquitted at trial.
Betsy Feuerstein, a spokeswoman for Manhattan U.S. Attorney Preet Bharara, declined to comment on the arrests.