NEW YORK, April 2 A former investment banker at
Evercore Group pleaded guilty on Wednesday to criminal charges
that he engaged in insider trading and used proceeds to pay a
one-time mistress to support their child.
Frank Perkins Hixon Jr., a former senior manager at the
bank, pleaded guilty to six criminal counts at a hearing in the
U.S. district court in Manhattan.
The defendant had been accused in February of using inside
information to arrange trades in the stock of Evercore's parent
and two other companies, through accounts held by Hixon's
ex-girlfriend and his father.
The other two companies besides Evercore Partners Inc
were Westway Group, which merged last year with EQT
Infrastructure II, and Titanium Metals Corp, which was purchased
last year by Precision Castparts Corp.
(Reporting by Nate Raymond in New York; Editing by Steve