Now he’s really on the inside.
Michael Dupre Lucarelli, a former executive at Manhattan investor relations firm Lippert/Heilshorn, was charged with making almost $1 million in fraudulent profits by trading on his early access to companies’ press releases.
The alleged insider trading happened before small, publicly traded companies announced earnings, mergers or trial-drug results, according to a complaint filed by the Securities and Exchange Commission.
FBI agents approached Lucarelli’s boss, Keith Lippert, on July 22, asking him to monitor the alleged scammer, and asked that they keep him employed until their investigation was over, Lippert said.
“They had done their homework,” Lippert told The Post.
Lucarelli was in charge of putting investors and clients together during road shows that weren’t a part of any specific deal, Lippert said.
Lucarelli is no stranger to controversy, having once worked for the boiler-room operation H.J. Meyers, and he was forbidden by a regulator from having any contact with registered brokers, according to records.
Messages left at Lucarelli’s house, and to his lawyer Patrick McGinley, went unanswered.