Two Massachusetts men among 5 people indicted in insider trading scheme, DOJ says Boston 25 News [Video]

BOSTON — Two Massachusetts men are among five people indicted in an insider trading scheme that reached the West Coast, federal justice department officials said Friday.

Rouzbeh “Ross” Haghighat, 61, of West Newbury, and James Roberge, 70, of Westford, are among those accused of allegedly profiting more than $600,000 by unlawfully buying the securities of a biopharmaceutical company in Seattle, Washington where Haghighat served as director, in 2023, Department of Justice officials said in a statement.

Haghighat is listed as chair of the Board of Directors for Sernova, a biopharmaceutical company headquartered in Ontario, Canada, according to the company’s website.

Three others also charged in the case are Behrouz “Bruce” Haghighat, 60, of Laguna Niguel, California; Kirstyn Pearl, 35, of Aguadilla, Puerto Rico; and Seyedfarbod “Fabio” Sabzevari, 31, of North Hollywood, California.

“The defendants were charged yesterday for allegedly trading on inside information and reaping hundreds of thousands in illicit …