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Robert Wilkis
Convicted Insider Trader; Lazard Freres Investment Banker in the Dennis Levine Ring
Investment Banker, Lazard Freres & Co.
Overview
Robert Wilkis was an investment banker at Lazard Freres who was a core member of Dennis Levine's insider trading ring during the 1980s. A close personal friend of Levine since business school, Wilkis passed material nonpublic information about Lazard's pending M&A transactions to Levine, who traded on the tips through secret Bahamian bank accounts. Wilkis also maintained his own secret offshore trading account. When Levine was caught in 1986, Wilkis was swept up in the resulting prosecutions. He pleaded guilty to insider trading conspiracy and was sentenced to one year and one day in federal prison.
Key Affiliations
Controversies & Concerns
Core member of Dennis Levine's insider trading ring; passed M&A information from Lazard Freres deals
Maintained his own secret offshore trading account for insider trading profits
His participation showed the conspiracy penetrated multiple elite Wall Street firms simultaneously
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
15 U.S.C. 78j(b), SEC Rule 10b-5Insider Trading Conspiracy: Passing material nonpublic M&A information to Dennis Levine(Federal)
Known Associates & Connections
Dennis Levine
Close friend and ringleader of the insider trading ring
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- Unknown
- Birthplace
- United States
Education
- •Harvard Business School (MBA)
Key Timeline
1980-1986
Passes inside M&A information from Lazard Freres to Dennis Levine as part of insider trading ring
1986
Pleads guilty to insider trading conspiracy after Levine's arrest and cooperation
1987
Sentenced to 1 year and 1 day in federal prison