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Former Employee Guilty of Defrauding Fidelity Investments.

Knight Ridder/Tribune Business News

| February 07, 2003 | COPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Andrea L. Stape, Providence Journal, R.I. Knight Ridder/Tribune Business News

Feb. 7--PROVIDENCE, R.I.--A former Johnston resident and Fidelity Investments employee was convicted Wednesday of participating in a fraud scheme that cost Fidelity $2.39 million.

In U.S. District Court, Providence, a federal jury found Richard Callipari, 39, guilty of conspiracy, wire fraud and obstructing an investigation by the Securities & Exchange Commission.

All charges were in conjunction with stock trades Callipari was involved with in 1997.

Callipari, who currently lives in New York, is free on bond and will be sentenced on April 28. Each of ...

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