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The article presents a letter from the U.S. Department of Justice, U.S. States Attorney District of Connecticut confirming the plea agreement entered into between the defendant Blake A. Prater and the district court. The defendant agrees to plead guilty to one count of indictment alleging securities fraud and one count of an information alleging a conspiracy to engage in certain monetary transactions involving proceeds of securities fraud.

The article reports that Kevin Coleman, former chief executive officer (CEO) of Latex International LLC pleaded guilty to stealing 1.7 million from the company in Shelton, Connecticut. It states that Coleman admitted to stealing money through his company credit card between 2008-2010 for diamond jewelry, Mercedes Benz roadster, and Harley Davidson motorcycles. It indicates that he also admitted that he failed to file federal tax returns for years on 1.6 million dollars in income.

The article offers news briefs related to the financial services industry in 2011 in Connecticut. A survey by Asset International Inc. discovers that total assets for 401(k) retirement plans exceed four trillion dollars in 2010. Duff Capital Advisors founder Philip Duff launches a new financial advisory firm called Massif Partners. James Glover, Royal Bank of Scotland's former managing director, pleads guilty to a federal charge on embezzlement scheme.

The article reports on the guilty plea of Purdue Pharma LP to the felony crime of misleading consumers about its OxyContin pain medication in Stamford, Connecticut. The company will pay $635 million in criminal and civil penalties. Chief executive officer Michael Friedman revealed plans to resign after pleading guilty to a misdemeanor charge. Howard Udell, the company's chief legal officer and Paul Goldenheim, Purdue Pharma's former chief scientific officer also pleaded guilty to a misdemeanor .

The article reports that federal contractor employee Susan Belliveau who was charged of falsifying data to indicate that proper testing had been performed on batteries intended for use on astronauts' suits, had entered her guilty plea before Senior Judge Alfred V. Covello of the U.S. District Court for the District of Connecticut. Belliveau was indicted on charges that she violated the National Aeronautics and Space Administration regulations. The maximum prison term and fine faced by the defendant are mentioned.

The article reports that fund operator Blake A. Prater was allowed to plead guilty in the U.S. District Court for the District of Connecticut to one count of securities fraud and one count of conspiracy to engage in prohibited monetary transactions. The maximum prison terms and fine faced by Prater under the terms of the plea agreement are mentioned.

The article reports on the guilty plea declaration of cell development technologist Edward Grande in a trade-secrets case in Connecticut. It could be noted that Grande pleaded guilty to one count of stealing trade secrets. According to the state's court documents, Grande downloaded research about AA batteries to his computer. He then sent it to the two rivals of his employer, Duracell Inc. However, the rivals had not advanced the information and sent it back to Duracell. The court rules that Grande could face up to 10 years in prison as well as a fine amounting to $250,000.