![]() ![]() ![]() The details contained in the charging documents are allegations. Holcomb of Rollins’ Securities, Financial & Cyber Fraud Unit is prosecuting the case. The Securities & Exchange Commission provided valuable assistance. This trademark was filed to USPTO on Thursday, November 17, 2005. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Office, made the announcement. VSMS TECHNOLOGY is a trademark and brand of Acton Research Corporation, Acton, MA. Sentencing Guidelines and other statutory factors. Sentences are imposed by a federal district court judge based upon the U.S. The charge of conspiracy to commit securities fraud provides for a sentence of up to five years in prison, three years of supervised release and a fine of $250,000 or twice the gross gain or loss, whichever is greater. After the deal was announced, Manning, Younis and Younis’ associate allegedly sold their Linear securities at a profit, and Manning paid Forte a kickback in appreciation for Forte’s stock tip. Younis also allegedly purchased call options -which are a bet that the price of a stock will increase prior to the expiration of the option - and tipped a business associate to purchase Linear shares as well. Forte allegedly passed the information to two close friends, Manning and Younis, who purchased shares of Linear stock in the week leading up to the public announcement of the acquisition on July 26, 2016. (Linear), a semiconductor company based in Milpitas, Calif. (Analog), a Norwood-based semiconductor company, about Analog’s planned acquisition of Linear Technology Corp. #Intelligent pipenet technology corporation acton ma how to#The defendants will appear in federal court in Boston this afternoon.Īccording to the charging documents, beginning in or around June 22, 2016, Forte - an officer with the Needham Police Department - obtained material non-public information from a close relative who is a senior executive at Analog Devices, Inc. Information on Officers for INTELLIGENT PIPENET TECHNOLOGY CORPORATION (Massachusetts (US)) :: Learn how to leverage transparent company data at scale. and Gregory Manning, 59, of Needham, were each charged with one count of conspiracy to commit securities fraud. BOSTON – Three men were arrested today for allegedly conspiring to trade on inside information about a Massachusetts company’s planned acquisition of a California semiconductor company.ĭavid Forte, 58, of Acton John Younis, 59, of Bristol, R.I. ![]()
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