A Sayville man has admitted his role in a years-long insider trading scheme that generated more than $1 million in illegal profits by exploiting confidential information about upcoming stock offerings, federal prosecutors announced.
John Lowe, 63, pleaded guilty Monday in U.S. District Court in Brooklyn to securities fraud. Richard Ringel, 56, of Boca Raton, Florida, also pleaded guilty during the same proceeding before U.S. Magistrate Judge Taryn A. Merkl.
Two other defendants previously admitted their roles in the scheme. David Cooper, 40, of Larchmont, pleaded guilty in September 2025, while Randy Grewal, 55, of Anthem, Arizona, pleaded guilty in April 2026…