Colts Neck Man Sentenced in 5 Year, $5.6 Million Dollar Scheme

It seemed almost straight out of a movie: two men would meet in Grand Central Terminal, exchanging secret financial information on napkins before eating them to destroy the evidence.

For Vladimir Eydelman, however, that movie-like scheme will land the Colts Neck resident in federal prison for 36 months.

Eydelman, 44, wasfound guilty in federal court for a five-year long insider trading scheme that used stolen information from an international law firm. Before getting caught Eydelman reaped $5.6 million dollars in profits from the scheme.

After prison, Eydelman will be subject to three years supervised release, pay a $15,000 fine and forfeit a whopping $1,236,657 dollars.

Eydelman's two accomplices, both from New York, pleaded guilty to related charges.

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