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Unmasking a decade-long insider trading scheme that led to 30 charges, 19 arrests

Federal prosecutors announced Wednesday that 30 people have been charged in a sweeping insider trading scheme in which attorneys allegedly leveraged their positions to obtain confidential information surrounding pending mergers and acquisitions in exchange for kickbacks. Authorities arrested 19 individuals on charges stemming from the alleged decade-long plot, the U.S. Attorney’s Office for the District of Massachusetts said in a press release. Two suspects are located in Russia and Israel, and are considered fugitives. Those taken into custody include California attorney Nicolo Nourafchan, wh...