A former Morgan Stanley staffer fired by the bank for downloading confidential information on hundreds of thousands of customers to a home server could face five years in prison after a guilty plea.
Financial advisor Galen Marsh was fired in January after downloading "partial account information" - not including passwords or social security numbers - on 730,000 wealth management clients.
Account names and numbers for around 900 clients were briefly posted on the Internet, although Marsh's lawyer said at the time that his client had not put the information online or shared it with anyone.
Now, according to Bloomberg, he has pleaded guilty to accessing the bank’s computer network without permission and could face up to five years in prison when sentenced in December.