- Associated Press - Wednesday, September 24, 2014

NEW YORK (AP) — A former executive at a New York investor firm whose effort to dodge photographers earned him a mocking “Moment of Zen” on Jon Stewart’s “The Daily Show” has pleaded guilty to an insider trading charge.

Michael Lucarelli entered the plea to a federal securities fraud charge on his 52nd birthday Wednesday.

Lucarelli signed an agreement with prosecutors saying that federal sentencing guidelines call for a prison sentence lasting three to four years. Sentencing was set for Jan. 8.

Lucarelli, dressed in a suit, strolled out of the courthouse afterward.

His exit contrasted with his attempt to flee photographers after his arrest last month. On that occasion, he ran out of his sandals as he raced in a tank top and slacks down the sidewalk.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide