Friday, April 06, 2007

Former Morgan Stanley Employee Arrested On Data Theft Charges

Martin H. Bosworth writes on ConsumerAffairs.com:

A former Morgan Stanley client service representative was arrested and charged with stealing proprietary information relating to the brokerage firm's hedge fund clients. Ronald Peteka surrendered yesterday and was charged with conspiracy, according to the U.S. Attorney's office in New York.

Peteka is alleged to have accessed information on Morgan Stanley's hedge fund clients and the rates they pay while he worked for another company, and sending the information to his personal e-mail account several times between December 2005 and February 2006.

More here.

(Props, Flying Hamster.)

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