Broker who stole corporate secrets from his wife gets probation

Former Lehman Brothers employee passed insider tips to friends for cash and gifts

A former Lehman Brothers broker who stole business secrets from his wife and shared them with friends was sentenced to three years’ probation last week.

From March 2004 to July 2008, Matthew Devlin stole information on upcoming mergers from his wife, Nina, then a partner at the public relations firm Brunswick Group, by listening to her conversations and monitoring her travel schedule. He then passed this information on to a group of friends, netting them more than $2 million in profits. Devlin himself earned just $23,000 in cash and gifts for his tips, according to court documents.

Alanna Byrne

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