Prosecutors accused the broker, Matthew C. Devlin of Lehman Brothers, of illegally passing on inside information about at least 12 coming mergers -- including InBev's takeover of Anheuser-Busch and Dow Chemical's acquisition of Rohm & Haas -- that he surreptitiously obtained from his wife, a public relations executive at the Brunswick Group whom he repeatedly referred to as his "golden goose."
Mr. Devlin has pleaded guilty, while prosecutors said his wife was not implicated in the scheme. Others charged, including a pair of day traders, plan to fight the charges.
CA's Ex-CEO Implicates Others
The former CEO of Computer Associates, Sanjay Kumar, claims that several current and former directors helped hide fraudulent accounting practices.
to show that someone is involved in a crime or partly responsible for something bad that has happened:
Have they any evidence to implicate him in the robbery?
implication Show phonetics
The case depended upon his implication of his co-workers in the fraud.
See also implication at imply.