The pandemic forced millions of people to share working spaces with their partners or spouses while shut in their homes. For some, such as former FBI trainee Seth Markin, the close proximity led to temptation.
US District Judge Edgardo Ramos in New York rejected Markin’s claim that his girlfriend’s discussion of her difficulties working on the merger justified his trading.“Nothing that she did I believe is in any way a reason for you to have done what you did,” Ramos said on Wednesday. Markin told the court during his plea hearing that he was working from his girlfriend’s apartment in early 2021 when she began working on the Pandion deal as an associate of the law firm Covington & Burling. At one point, he said, she received documents from the firm and asked for help putting them on shelves when he noticed that one of the binders was open, revealing details about the pending merger.
Prosecutors said the two men made a total of more than $US1.4 million, most of which consisted of profits from trading by Wong, who made more than $US1.3 million and bought Markin a Rolex watch valued at approximately $US40,000, a trip to Hawaii, and a meal at a three-Michelin-starred restaurant in New York.
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