Word: cecola
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...world of Ivan Boeskys and Michael-Milkiens, Cecola, an analyst at Lazard Freres, wasn't much of a criminal, but he was no angel either. He used inside information to trade stocks in his girlfriend's name, and supplied another investment banker with tips gleaned from his work at Lazard, according to Stewart...
...also got caught. After being indicted in 1987, Cecola pled guilty to one count of tax evasion for not reporting his insider trading profits, and was slapped with a $21,800 fine by the Securities and Exchange Commission. The Business School, which he was attending at the time of the indictment, suspended him with the right to reapply...
...like Cecola, Young, 30, may have lost his chance at a Harvard diploma. Senior Associate Dean for Educational Programs Thomas R. Piper said Young, who has completed all his course requirements, will not get a diploma until his legal proceedings are complete. If he is found guilty, it is likely that he will never receive a degree...
...whatever the particulars, the Young case, like the Cecola indictment, represents an embarrassment to a school that prides itself on its commitment to teaching ethics. Young, like all other students, was required to take a class in the subject...
Despite their silence, Crane and others know that Young, like Cecola before him, is no ordinary Business School student. Both have played in the same den as many of the biggest thieves in the world of finance