NJ lawyer pleads guilty in NYC insider trade case

A lawyer has become the latest person to plead guilty to charges in what New York prosecutors have called history's biggest hedge fund insider trading case.

A lawyer has become the latest person to plead guilty to charges in what New York prosecutors have called history's biggest hedge fund insider trading case.

Arthur Cutillo pleaded guilty Friday to two insider trading charges in federal court in Manhattan. A plea agreement he signed with prosecutors recommended a sentence of 2 1/2 to three years in prison.

The 34-year-old Ridgefield, N.J., resident is scheduled to be sentenced on April 27.

Cutillo worked in Manhattan at the international firm Ropes & Gray.

He was arrested last year in a case that prosecutors said earned more than $50 million in profits. He apologized as he entered his plea, saying he was paid $32,500 for providing tips to a college friend.

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