Illegal Activity
concerning
Blackmail
none
Date
2004-04-22
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
The document is a report detailing the SEC's charges against Allen M. Glick, a former director of Banknorth Group and MetroWest Bank, and his associates, including Jeffrey S. Epstein, for illegal insider trading. The defendants consented to final 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
- C.A. No. 04-CV-10801(MEL)
- Date
- 2004-04-22
Illegal Activity
- Severity
- concerning
- Description
- The document details a settled civil fraud action against Allen M. Glick, Jeffrey S. Epstein, and others 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 former director of multiple banks and his associates.
Financial Information
Amounts:$437.000
Transactions:
- disgorgement of trading profits
- prejudgment interest
- civil penalties
Public Knowledge
- Context
- This was a settled civil fraud action by the SEC, which is likely to have been reported in the media at the time.
- 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 flowAllegations/complaints
Organizations 5
SECURITIES AND EXCHANGE COMMISSIONBanknorth Group. Inc.MetroWest BankMedford BancorpWarren Bancorp
Locations 2
United States Distinct 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 a settled civil fraud action against Allen M. Glick and his associates for insider trading, resulting in financial penalties and a permanent bar for Glick from serving as an officer or director of any publicly-traded company.
File Info
- File Name
- EFTA01364143.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:54.262915
- DOJ Source
- View on DOJ