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Five charged with insider trading involving Department of Health & Human Services

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Public is so worried about one individual stealing couple grand from entitlements that shouldn’t be getting meanwhile there are corporations and others stealing millions upon millions from the programs – PB/TK

Five charged with insider trading involving Department of Health & Human Services – reuters / May  24 2017

Five men, including a Washington political consultant and a federal employee, were criminally charged on Wednesday with engaging in an insider trading scheme based on leaks from within a federal healthcare agency.

Federal prosecutors in Manhattan announced the arrests of political consultant David Blaszczak, founder of Precipio Health Strategies; U.S. Centers for Medicare and Medicaid Services (CMS) employee Christopher Worrall; and Rob Olan and Ted Huber, employees of the healthcare hedge fund Deerfield Management.

Olan’s lawyer, Eugene Ingoglia, said in an email that Olan was “an innocent man.” Huber’s lawyer, Barry Berke, said that Huber “did absolutely nothing wrong.”

Jordan Fogel, a former employee at New York-based Deerfield, who was also charged, pleaded guilty on Friday.

“Jordan looks forward to resolving this and moving on,” said Marc Mukasey, Fogel’s lawyer.

Continue to rawstory.com article: http://www.rawstory.com/2017/05/five-charged-with-insider-trading-involving-department-of-health-human-services/

 

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