September 6, 2018

Guilty pleas in securities and wire fraud conspiracy

Two Indiana men admitted to using material non-public information obtained from a vice president of SAP SE, about the company’s upcoming acquisition of Concur Technologies in 2014.  The two men, Douglas and Edward Miller, earned hundreds of thousands of dollars in trading.  SAP vice president, Christopher Salis, who also profited, pleaded guilty in February 2017.

DOJ press release | Superseding indictment | E. Miller plea agreement | D. Miller plea agreement