Reuters: Private Equity: Chicago consultant charged with insider trading on Carlyle

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Chicago consultant charged with insider trading on Carlyle Mar 15th 2012, 16:35 WASHINGTON, March 15 | Thu Mar 15, 2012 12:35pm EDT WASHINGTON, March 15 (Reuters) - The U.S. government announced civil and criminal charges against a Chicago-based consultant on Thursday for allegedly trading on confidential information about private-equity firm Carlyle Group's planned acquisition of vitamin company NBTY Inc. The U.S. Securities and Exchange Commission said Sherif Mityas has agreed to settle the civil insider-trading charges and pay a $78,000 fine for allegedly purchasing NBTY stock and tipping off a relative ahead of Carlyle's acquisition. He and the relative later made a $38,000 profit, the SEC said. Mityas also pleaded guilty to parallel criminal charges that were filed against him by federal prosecutors in Brooklyn.

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