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Ex-AT&T executive pleads guilty to insider trading

5:40 AM, Jun 19, 2012   |    comments
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NEW YORK -- A former executive at AT&T, who lives in Alpharetta, has pleaded guilty in New York to charges in an insider trading scheme that authorities say involved the passing of secrets disguised as expert guidance.

57-year-old Alnoor Ebrahim pleaded guilty Monday in federal court in Manhattan to charges of conspiracy to commit securities fraud and wire fraud. He was formerly an associate director of channel marketing at AT&T.

Prosecutors say the information that Ebrahim provided through his work for an expert networking firm involved information about product sales for the company's handset devices.

The government said Ebrahim was paid more than $180,000 to serve as a consultant for employees of Manhattan-based investment firms. 

Sentencing is scheduled for Oct. 25.

 

(Associated Press)

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