Trader admits fraud in $1 billion Apple stock scheme

A former Rochdale Securities trader whose unauthorized purchase of about $1 billion of Apple Inc stock caused the demise of the financial services company pleaded guilty on Monday to wire fraud and conspiracy.

http://www.reuters.com/article/2013/04/15/us-crime-rochdale-apple-plea-idUSBRE93E11I20130415?feedType=RSS&feedName=technologyNews