The Hudson Reporter reported earlier today on a Hoboken resident, Brian Santarias 33, an attorney is charged by the Securities and Exchange Commission with participating in an insider trading ring in an ongoing $20 million investigation.  Mr. Santarias of the international law firm Ropes & Gray LLP is reported to have worked with various individuals using confidential information involving Wall Street traders, lawyers, and hedge fund managers.
Brian Santarias is a Hoboken resident listed at 84 Adams Street, Apartment 5C.
(The Wall St. Journal stated Mr. Santarias pled guilty today – as reported in the Reporter.  The WSJ law blog says it is close but perhaps the plea is now official.  He is said prepared to forfeit about $32K.)
The SEC also provided a great deal more information today.  The criminal complaint can be found here.
U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21332 / December 10, 2009

Securities and Exchange Commission v. Brien P. Santarlas, 09-CV-10100 (S.D.N.Y.)

SEC Charges Additional Attorney in $20 Million Insider Trading Scheme

The complaint alleges that Santarlas gained access to material, nonpublic information by, among other means, accessing Ropes & Gray’s computer network and viewing confidential deal documents. The SEC alleges that, using attorney Jason Goldfarb as a conduit, Santarlas and Cutillo tipped inside information concerning these corporate acquisitions to Zvi Goffer (“Zvi”), a proprietary trader at Schottenfeld Group, LLC (“Schottenfeld”). The complaint further alleges that Zvi traded on this information for Schottenfeld, and had numerous downstream tippees who also traded on the information, including other professional traders and portfolio managers at hedge fund advisers. The SEC previously charged Cutillo, Goldfarb, Zvi, and six others in connection with this insider trading scheme on November 5, 2009. See SEC v. Cutillo, et al., 09-CV-9208 (S.D.N.Y.) (LAK)/Lit. Rel. 21283.