Criminal,
Securities
Dec. 28, 2022
Jury convicts IT professional of securities fraud, insider trading
Sivannarayana Barama befriended an employee of Palo Alto Networks and used confidential inside information about its financial performance to, along with a co-conspirator, enrich himself, according to the U.S. attorney’s office.
A federal jury convicted a former IT professional on four counts of securities fraud and insider trading, which gained him $7.3 million in illicit profits.
The verdict was handed down Dec. 13
Chief U.S. District Judge Richard Seeborg oversaw the case, and has not yet set a sentencing hearing date for Sivannarayana Barama. This case stemmed from an investigation by the FBI with help from the San Francisco office...
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