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To: Mark Marcellus who wrote (11237)	7/31/2002 11:52:31 PM
From: long-gone	Respond to of 17683

Anyone catch this mentioned on CNBC? Annanova Former GE executive arrested for insider trading US prosecutors have announced the arrest of former General Electric executive Anthony Chrysikos on insider trading charges. The charges relate to GE's acquisition of a financial firm last year. Mr Chrysikos and another man, identified as Michael Martello, have been charged with several counts of securities fraud. They arise from a scheme to trade options of Heller Financial. As vice-president of finance in the aircraft services division of GE Capital, Mr Chrysikos knew in advance that GE planned to acquire Heller Financial in July, 2001. James Comey, US attorney for the southern district of New York, says Mr Chrysikos and Mr Martello are alleged to have bought 130 call options of Heller Financial three days before the acquisition was announced. After the announcement, the options were allegedly sold for a profit of more than $150,000. Mr Chrysikos and Mr Martello face four charges of securities fraud, which carry a maximum jail term of 10 years each; as well as one count of conspiracy, which carries a possible five-year sentence. Story filed: 18:49 Tuesday 30th July 2002 ananova.com