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Pennsylvania lawyer accused of white collar crimes

A 64-year-old attorney from Doylestown, Pennsylvania, is facing federal charges based on allegations of insider trading. The attorney was a partner in a law firm that handled business law for various clients, including corporations. According to the white collar crimes charges levied against him, the attorney is believed to have used information gleaned while in that position to make various financial choices.

The attorney allegedly learned that his firm was representing an insurance group and that the company was planning to merge with Nationwide Mutual Insurance. The attorney is alleged to have purchased stock in advance of that merger with the intent to profit from his knowledge of the planned merger. When the announcement of the merger was made public, the value of that stock rose by 85 percent.

The attorney is alleged to have then sold his newly acquired stock at a profit of over $75,000. As a result, he has been charged with securities fraud and making false statements. His attorney has issued a statement claiming that he will plead not guilty in relation to those charges.

For anyone in Pennsylvania who is facing white collar crimes charges, it is important to take immediate steps to prevent a negative outcome. By working with an attorney, it is possible to evaluate all aspects of a case and determine the best course of action. Each and every case is unique, but there is a defense approach for any given scenario, and taking a proactive approach is the best way to address this type of legal challenge.

Source: phillyvoice.com, "Bucks Co. lawyer indicted on insider trading", Nate Raymond, July 16, 2015

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