The judge said Brownstein acted on inside information he received from Drew Peterson, another Denver investment adviser, who got tipped about the acquisition from his father, Clayton Peterson, who sat on Mariner's board. The father and son pleaded guilty in August. The father received two years' pro
Date: Jan 11, 2012
Category: Business
Source: Google
Highs turned into lows for friends Bo Brownstein, Drew Peterson
in a Denver gym, Peterson let Bo Brownstein in on a secret he had learned from his father, and they spoke later about it on the phone. The information they shared, and the money they made from it, would lead to an investigation that resulted in criminal charges against both men and Clayton Peterson.before a federal judge in New York and admitted he traded shares of Mariner Energy based on inside information, netting a profit of just under $2.5 million. Clayton Peterson, who sat on Mariner's board, had told his son about a pending merger, and Peterson had shared the information with Bo Brownstein.
Date: Oct 23, 2011
Source: Google
Hedge fund manager Bo Brownstein pleads guilty in insider-trading scheme
Peterson, 35, had a pipeline to the Mariner boardroom. His father, Clayton Peterson, 66, a former managing director at the now-defunct accounting firm Arthur Andersen, was a Mariner director. The father had told the son about the impending deal and had him to buy Mariner stock for a family member, a
Authorities said Brownstein acted on inside information he received from Drew Peterson, another Denver investment adviser, who got tipped about the acquisition from his father, Clayton Peterson, who sat on Mariner's board. The father and son pleaded guilty in August. The father received two years' p
Date: Oct 21, 2011
Category: Business
Source: Google
Hedge Fund CEO Brownstein Pleads Guilty to Insider Trading
The tip originated with H. Clayton Peterson, of Denver, a retired former Arthur Andersen partner who served on Mariner Energies board of directors, prosecutors said. Peterson, who was also a director of Re/Max International Inc. and Lone Pine Resources Inc., pleaded guilty to conspiracy and securiti
Date: Oct 21, 2011
Category: Business
Source: Google
NY judge: Home confinement in Arthur Andersen case
U.S. District Judge Robert Patterson praised the good deeds H. Clayton Peterson has done as he decided not to impose the yearlong prison sentence Peterson, 65, had agreed to during his guilty plea. Peterson, of Denver, was awarded the Bronze Star for his service in Vietnam.
I knew that my actions were wrong and I deeply regret myconduct, Clayton Peterson, 65, told U.S. District Judge RobertPatterson. It has ruined my life and my sons life and Iapologize.
Date: Aug 08, 2011
Category: Business
Source: Google
Insider-trading case draws guilty pleas from Denver father, son
H. Clayton Peterson, the former managing partner of Arthur Anderson in Denver, and his son Drew Peterson, a money manager for Denver-based Private Capital Management, both pleaded guilty to one count of securities fraud and one count of conspiracy to commit securities fraud.Federal prosecutors said Clayton Peterson, 65, a board member of Houston-based Mariner Energy, gave tips to his son in April 2010 about a pending acquisition of the company. Drew Peterson, 35, in addition to trading on the information, passed those tips to the chief executive of a Denver hedge fund Prosecutors said Clayton Peterson learned in April 2010 that Houston- based Apache Corp. wanted to buy Mariner for cash and Apache stock totaling $25 a share. Mariner's stock was trading at about $17 a share, prosecutors said.A few days later, court records show, Drew Peterson received a call from his father as he was driving to a Denver Nuggets game. Clayton Peterson told his son the acquisition would happen within a week. Peterson quickly phoned the hedge-fund manager and left a "short, coded voice-mail message" tellin