Joseph Spera of Florida jointed Steven Constantin of Farmingdale, Paul Petrello of Brielle and Ronald Chernin of Calfornia in pleading guilty. One defendant chooses to go to trial.
A onetime day trader from Monmouth County and a codefendant from California risk up to 20 years in prison at their July sentencings for roles in what federal investigators describe as a multi-million-dollar, cross-country insider trading scheme.