A former stockbroker charged in the insider...
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A former stockbroker charged in the insider trading scandal involving leaked copies of Business Week magazine pleaded guilty in New Haven, Conn., to one count of wire fraud. William Dillon, 33, who was dismissed last month from his job at Merrill Lynch & Co. in New London, Conn., admitted paying $10 to $30 for advance copies of the magazine to various employees of R. R. Donnelley & Sons Co., which prints Business Week at two plants--one in Old Saybrook, Conn., and the other in Torrance. Dillon, of Old Lyme, Conn., said he bought securities in 129 companies mentioned in the “Inside Wall Street” column, then sold them after the magazine was made public and the prices rose, according to papers filed with the U.S. District Court.
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