Tuesday, February 15, 2011

Patent agent in San Diego pleads guilty in insider trading conspiracy

CNS notes:

A former Sequenom patent agent and his brother pleaded guilty Tuesday [15 Feb. 2011] in San Diego to conspiring to use inside information to trade stock options in the publicly traded biotechnology company.

Ex-employee Aaron Scalia, of San Diego, and his sibling, Stephen Scalia of Baltimore, entered their guilty pleas to conspiring to commit securities fraud before U.S. Magistrate Judge Ruben Brooks.

Their pleas are subject to final acceptance by U.S. District Judge Barry Ted Moskowitz.


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