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Press Release

Statement Of Manhattan U.S. Attorney Preet Bharara On The Conviction Of Michael Steinberg

For Immediate Release
U.S. Attorney's Office, Southern District of New York



“The jury has found what the Government contended from the outset; in search of an edge, Michael Steinberg crossed the line into criminal insider trading. Like many other traders before him who, blinded by profits, lost their sense of right and wrong, Steinberg now stands convicted of federal crimes and faces the prospect of losing his liberty.”

Updated May 13, 2015

Press Release Number: 13-391