| Alexion
Insider
Trading
Triggered
Indictment of
Dupont who Now
Pleads Guilty,
Rest on Nov 28
by
Matthew Russell Lee, Patreon Book
Substack
SDNY COURTHOUSE,
Sept 15 – As
the fourth of
four insider
trading
prosecutions
announced on
June 29, 2023
by the US
Attorney for
the Southern
District of
New York,
Joseph Dupont,
Shawn Cronin,
Stanley
"Slava"
Kaplan, and
Paul Feldman
were charged
with made more
than $2.2
million
dollars in
illegal
profits by
trading in
stocks and
options based
on MNPI that
DUPONT
misappropriated
from his
employer.
The four
prosecutions
come a week
after the
conviction in
SDNY of
Brijesh Goel,
formerly of
Goldman Sachs.
Goel testified
on his own
behalf in a
trial covered
by Inner City
Press, which
is also
reporteding
weekly on the
SDNY
prosecutors
murky deal
with Sam
Bankman-Fried
to agree to
extradition
from the
Bahamas
apparently in
exchange for
not seeking
detention
(unlike on Avi
Eisenberg) and
now with the
China bribe
charges
severed or
dropped.
DUPONT
was a vice
president at
Alexion
Pharmaceuticals,
Inc. and, on
January 31,
2020, was
informed of
Alexion’s
upcoming
acquisition of
Portola
Pharmaceuticals,
Inc.
Before
that
acquisition
was publicly
announced, in
April 2020,
DUPONT
provided MNPI
about the
acquisition to
his childhood
friend,
CRONIN.
Not
only were
CRONIN and
DUPONT
childhood
friends, but
also CRONIN —
who, at the
time, was a
sergeant in
the police
department of
Dighton,
Massachusetts,
and later
served as the
chief of
police —
supervised
DUPONT in
DUPONT’s
capacity as a
reserve
officer in
that police
department...
CRONIN,
KAPLAN,
FELDMAN, and
their tippees
sold their
shares of
Portola and
call options
for Portola
stock, reaping
millions of
dollars of
illegally
obtained
trading
profits.
Also unsealed
were charges
against Jarett
Mendoza, who
has pled
guilty
pursuant to a
cooperation
agreement.
Another
Niranjan?
Inner
City Press
attended the
arraignment of
Feldman and
Kaplan, thread:
Both
plead not
guilty. AUSA:
we're seeking
bail for both.
Kaplan $150,00
bond- Judge:
And no guns?
Defense lawyer
Maimin: Sure.
Feltman
$200,000 bond,
travel to
Eastern
District of
Pennsylvania
as well
On
July 14,
Maimin wrote
to Judge Woods
that the
Government
that Doctor
Kaplan at the
time of his
arrest that
three
firearms, now
with the East
Fishkill
Police
Department who
says it can't
keep them. So,
to a friend,
with the
government's
consent.
On
July 24, Judge
Woods held a
conference.
Inner City
Press was
there, thread:
OK-
at Alexion
insider
trading case
of US v
Dupont, et
al.
One
defense
counsel
opposes
meeting before
Judge Woods in
60 days, says
he's entitled
to vacation in
August,
proposes
November.
Judge:
Let's say four
months from
now.
On
September 15,
2023, with out
notice, this:
"Change of
Plea Hearing
as to Joseph
Dupont held on
9/15/2023.
Plea entered
by Joseph
Dupont (1)
Guilty as to
Count 2.
Sentencing is
scheduled for
January 5,
2024, at 1:00
p.m"
Inner
City Press
will stay on
the case(s).
This
case is US v.
Dupont, et
al., 23-cr-320
(Woods)
***
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