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Ex-Darien Man Sentenced for Insider Trading

Igor Poteroba, a former Darien resident who now lives in New Canaan, was sentenced to 22 months in prison Monday for insider trading, ABC News reported. Poteroba, 37, pleaded guilty in December to conspiracy to commit securities fraud and three counts of insider trading when he was an investment banker at UBS Securities.

Poteroba's sentence will include 12 months already served. He will also be subject to three years of supervised release and a $25,000 fine and will have to forfeit the $465,095 he made through the schemes.

According to prosecutors, between 2006 and 2009 Poteroba passed insider information about acquisitions and mergers to Chicago-based investment advisor Alexei Koval. Koval, 37, plead guilty to charges in January and will be sentenced in May. The two men, both Russian émigrés, have known each other since they studied at the University of New Haven.

Poteroba lived in Darien when the crimes were committed. He, Koval and an unnamed co-conspirator reportedly made more than $870,000 by sharing information about acquisitions of health care companies before the acquisitions were publicly announced. The investigation was carried out by the Federal Bureau of Investigation, along with the U.S. Securities and Exchange Commission. The decision was handed down by U.S. District Judge Paul A. Crotty in a Manhattan federal court.

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