News reports show he was charged on Dec. 18, 2008, in connection with a $4.8 million scheme to profit from information that former Lehman Brothers employee Matthew Devlin gleaned from his wife, Nina Devlin, a partner at the public relations firm Brunswick Group. Matthew Devlin pleaded guilty to securities fraud and four counts of conspiracy in December 2008 as part of a cooperation deal with prosecutors. Nina Devlin was not charged as it was found she was unaware of her husband's actions.
SEC Bars CPA Tax Attorney
A New York CPA tax attorney has been barred from practicing before the SEC after he pleaded guilty to securities violations for his role in an insider trading scheme in which he made $119,347 from trading on pending corporate mergers and other transactions. Eric Holzer faced those charges for his actions in 2005.