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Article: SEC Charges Kinnelon, N.J., Plastics Executive with Insider Trading.

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Knight Ridder/Tribune Business News
Article date:
April 23, 2004
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By Kathleen Lynn, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News

Apr. 23--A plastics executive from Kinnelon was accused Thursday of making about $1.8 million for himself, his friends, and his relatives through illegal insider trading.

The Securities and Exchange Commission accused Alfred S. Teo Sr., the 57-year-old owner of Alpha Industries in Lyndhurst, of buying stock in two companies in 2000 and 2001 after he got inside information that they might be taken over. He also is accused of tipping off friends, relatives, and even his yacht builder about the possible takeovers.

"Mr. Teo didn't do this once; he did it twice," ...

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