Business & Tech
Couple Receives $1 Million for Blowing Whistle on Wilton Company
After turning over key information about her ex-husband's dealings, Karen Kaiser and her husband Glen were awarded $1 million.
A Southbury couple was awarded $1 million for information they provided in a case involving insider trading at Wilton-based Pequot Capital Management, the Securities and Exchange Commission (SEC) announced Friday.
This is the largest such award ever paid by the SEC.
Glen and Karen Kaiser turned over e-mails and other documents that led to an official SEC complaint against Pequot in 2008. Karen is the ex-wife of David Zilkha, one of the defendants in the case.
Find out what's happening in Wiltonfor free with the latest updates from Patch.
The SEC's complaint against Pequot— a hedge fund — alleged insider trading of Microsoft securities between Pequot CEO Arthur Samberg and Zilkha, a Microsoft employee who came to work for Pequot.
Pequot, without admitting or denying allegations, agreed to pay $28 million to settle the charges in May and submit to injunctions.
Find out what's happening in Wiltonfor free with the latest updates from Patch.
The Kaisers accessed the documents and e-mails from a computer hard drive left in Karen's possession.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
