Insider Trading Scheme Wednesday, Share Facebook, Public Affairs — Four Individuals Convicted of Insider Trading Scheme | United States Justice Department.
Collectively, the defendants profited more than $600,000 from their purchases of Company-1 securities based on material nonpublic information.Haghighat was convicted of one count of securities fraud, 16 counts of insider trading, and two counts of conspiracy. Pearl was convicted of one count of securities fraud, one count of insider trading, and one count of conspiracy. Sabzevari was convicted of one count of securities fraud and seven counts of insider trading. Roberge was convicted of one count of securities fraud and seven counts of insider trading. Haghighat carries a maximum potential penalty of
380 years in prison. Pearl carries a maximum potential penalty of 60 years in prison. Sabzavari carries a maximum potential penalty of 160 years in prison. Roberge carries a maximum potential penalty of 160 years in prison. announcement Four Individuals Convicted of Insider Trading Scheme Wednesday, December 17, 2025 Share Facebook X LinkedIn Email For Immediate Release Office of Public Affairs A federal jury in Newark, New Jersey convicted four individuals today for their participation in a scheme to trade securities on the basis of material nonpublic information about the $3.2 billion
merger of two companies, which resulted in illicit profits of over $600,000.“Haghighat abused his role as a senior corporate executive, breaching the trust and confidence placed in him by shareholders, to enrich himself and his friends and family,” said Acting Assistant Attorney General Matthew R. “He schemed together with his co-defendants to illegally profit from non-public, insider trading information. Today’s verdict underscores the Criminal Division’s commitment to aggressively prosecuting those who use deception to earn illicit gains at the expense of investors and undermine fairness in the economy.”“This is a classic example of greed overcoming honest