Illegal Activity
concerning
Blackmail
none
Date
2004-04-22
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
The document is a report detailing an SEC action against Allen M. Glick, a former director of Banknorth Group, Inc. and MetroWest Bank, and his associates, including Jeffrey S. Epstein, for illegal insider trading. The defendants consented to judgments, paid over $437,000 in penalties, and Glick was barred from serving as an officer or director of any publicly-traded company.
Metadata
- Subject
- SEC Charges Former Director of Banknorth Group, Inc. and MetroWest Bank In Settled Insider Trading Case
- Sender
- —
- Recipients
- —
- Document ID
- Litigation Rel. No. 18675
- Date
- 2004-04-22
Illegal Activity
- Severity
- concerning
- Description
- The document describes a settled civil fraud action against Allen M. Glick and his associates, including Jeffrey S. Epstein, for illegal insider trading.
- Categories
- Insider Trading
- Content Type
- first_hand
Evidence:
- Illegal insider trading in three publicly-traded Massachusetts banks - MetroWest Bank, Medford Bancorp and Warren Bancorp.
Relationships 6
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Allen M. Glick | director | MetroWest Bank | Allen M. Glick was a former director of MetroWest Bank |
| Allen M. Glick | director | Banknorth Group, Inc. | Allen M. Glick was a former director of Banknorth Group, Inc. |
| Allen M. Glick | associate | Arthur H. Freedman | Arthur H. Freedman is an associate of Allen M. Glick |
| Allen M. Glick | associate | Jeffrey S. Epstein | Jeffrey S. Epstein is an associate of Allen M. Glick |
| Allen M. Glick | associate | Steven T. Moore | Steven T. Moore is an associate of Allen M. Glick |
| Allen M. Glick | associate | Romeo J. Pendolari | Romeo J. Pendolari is an associate of Allen M. Glick |
Notable Quotes 2
Without admitting or denying the Commission's allegations, Glick. Freedman. Epstein, Moore and Pendolari consented to the entry of final judgments permanently enjoining them from violating the antifraud provisions of the federal securities laws.
The defendants also agreed to pay a total of over $437,000 in disgorgement of trading profits. prejudgment interest and civil penalties, and Glick consented to a permanent bar from serving as an officer or director of any publicly-traded company.
Red Flags 1
- Insider trading by a director of multiple banks and his associates.
Financial Information
Amounts:$437,000
Transactions:
- disgorgement of trading profits
- prejudgment interest
- civil penalties
Media & Journalist References
- References to SEC litigation releases and complaints.
Public Knowledge
- Context
- This was a publicly announced SEC enforcement action.
- Media Worthy
- Yes
- Likely Public
- True
Legal Compliance
- Violation of antifraud provisions of the federal securities laws
- Illegal insider trading
Raw Analysis JSON
click to expand
Themes
Legal matters/litigationFinancial transactions/money flowIllegal activities
Organizations 6
Banknorth Group, Inc.MetroWest BankMedford BancorpWarren BancorpSECURITIES AND EXCHANGE COMMISSIONSEC
Locations 2
United States District Court for the District of MassachusettsMassachusetts
Financial Entities 4
Banknorth Group, Inc.MetroWest BankMedford BancorpWarren Bancorp
Text Analysis
- Tone
- Informative
- Purpose
- To report on the SEC's charges against Allen M. Glick and his associates for illegal insider trading.
- Significance
- This document details an SEC action against individuals, including Jeffrey Epstein, for insider trading, resulting in financial penalties and a ban for Glick from serving as an officer or director of any publicly-traded company.
File Info
- File Name
- EFTA01361928.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:18.757570
- DOJ Source
- View on DOJ