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December 22, 1997: 2:26 p.m. ET

Manhattan D.A. indicts five more in Wall Street insider-trading scandal
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NEW YORK (CNNfn) - The investigation into insider trading on Wall Street widened Monday with the announcement of five more indictments by the Manhattan district attorney's office.
     Manhattan D.A. Robert Morgenthau said the new indictments stemmed from the arrest of Morgan Stanley, Dean Witter Discover & Co. employee Marisa Baridis, who was charged in November.
     Baridis, while acting as a compliance officer at both Morgan Stanley and, earlier, at Smith Barney, stood accused of conspiring to steal more than $1 million by trading on information she received through her job.
     The people indicted on Monday include:
  • Jeffrey Spiegel, an attorney.
  • Marc Nogid, formerly a stockbroker at Hampshire Securities.
  • Robert Nathan, formerly a stockbroker at Rickel & Co.
  • Keith Youngswick, formerly a stockbroker at Beacon Securities.
  • Jennifer D'Antoni, formerly of brokerage Duke & Co.

     The defendants are charged with criminal possession of stolen property, scheming to defraud, and other violations of anti-fraud provisions.
     D.A. Morgenthau said the defendants knew and discussed their involvement in the scheme with their friends and each other.
     The two counts could result in prison terms of up to 11 years.
     Baridis earlier this month entered a guilty plea which was accepted by a federal judge over the objections of the Manhattan D.A.'s office. Cases against three others charged along with Baridis are pending.Back to top

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