Former FBI Trainee Gets Prison Time for Insider Trading Scheme

Published on March 18, 2024

Seth Markin, a former FBI trainee, has been sentenced to 15 months in prison after he pleaded guilty in December to engaging in an insider trading scheme. Mr. Markin, 32, was arrested in July 2022 and charged with securities fraud in the U.S. District Court for the Southern District of New York. Prosecutors alleged Mr. Markin had surreptitiously reviewed a binder of non-public information in possession of his then-girlfriend, who had worked as an associate for a law firm representing pharmaceutical company Merck and traded on that non-public information. Merck had been in the process of acquiring a smaller firm called Pandion Therapeutics. Prosecutors say Mr. Markin had reviewed privileged documents about the acquisition around February 2021 and then tipped off his friend, Brandon Wong....

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