NEW YORK, Dec 28 (Reuters) - A Florida man pleaded guilty on Thursday to charges he illegally traded on inside information supplied by a friend working at a law firm in a scheme that prosecutors said allowed them to earn nearly $1 million.
Andrew Berke, 49, entered his plea in Manhattan federal court to conspiracy and securities fraud charges, admitting he placed trades based on information provided to him by a then-partner at the law firm Foley & Lardner.
The plea came after the ex-Foley partner, Walter “Chet” Little, pleaded guilty in November to conspiring to commit securities fraud. Little left Foley in 2016 and joined Bradley Arant Boult Cummings. He is no longer with that law firm. read the rest here