The suspected rogue trader who pushed a Stamford, Conn.,
brokerage to the brink of insolvency with an unauthorized $1 billion purchase
of Apple stock has hired a high-priced lawyer, The Post has learned.
David Miller, whose Oct. 25 Apple buy is alleged to have
been part of a stock- manipulation scam, hired a legal eagle from a Fifth
Avenue firm with experience defending white-collar criminal cases.
The FBI and federal regulators are probing the matter. The probe focuses on whether the 40-year-old
Long Islander was part of a trading scheme to drive down the price of Apple
stock; accomplices outside the firm would then place bearish bets on the shares
and split the profits with Miller, according to sources familiar with the
situation.
Miller, who is married with three children, has not been
charged with any crime or securities violation. Oddly, he hasn’t been fired
either.
Read all about it at
http://www.nypost.com/p/news/business/rochdale_trader_lawyers_up_CJAkPrh3QZ96VqvLUuHbUL
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