Stanislav Shpigelman, the former Merrill Lynch analyst at the center of an insider-trading ring, is arguing that he was "deceived, intimidated and flattered" into providing the illegal information to his cohorts, according to a recent legal filing.
The former mergers and acquisition analyst – long one of the most sensitive posts on Wall Street – Shpigelman was sentenced to 37 months in prison last month for his role in a wide-ranging insider trading plot.
He provided the tips for collaborators and former Goldman Sachs analysts David Pajcin and Eugene Plotkin to trade on.
In papers filed last week seeking clemency, Shpigelman’s lawyer paints a picture of a man whose initial mistake in providing illegal information was compounded when his associates in the ring used intimidation and deception to draw him in further.
Shpigelman Was Bullied To Give Info: Lawyer – New York Post
Tags: Eugene Plotkin, Goldman Sachs, Insider Trading, Merrill Lynch
