Ex-Kad­mon con­sul­tant faces up to 20 years in prison fol­low­ing guilty plea over in­sid­er trad­ing

A long­time Kad­mon con­sul­tant plead­ed guilty last week to a sin­gle count of se­cu­ri­ties fraud in con­nec­tion to more than $360,000 in prof­its he made trad­ing on in­sid­er knowl­edge of the com­pa­ny’s im­pend­ing $1.9 bil­lion Sanofi buy­out.

Frank Glass­ner was ar­rest­ed back in May in No­va­to, CA, where he lives and runs a con­sult­ing firm. Kad­mon be­gan work­ing with him last Ju­ly for ex­ec­u­tive com­pen­sa­tion ser­vices re­lat­ed to its po­ten­tial Sanofi ac­qui­si­tion.

Endpoints News

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.