SUNY Albany student evidently graduated from steroid trafficking to conspiracy to commit insider trading?

ALBANY — A 20-year-old University at Albany student who police said had devised an elaborate scheme to get steroids shipped to him was arrested Friday.

The Albany County Sheriff’s Department Drug Interdiction unit, which made the arrest with U.S. postal inspectors, said Matthew J. Musante might have been distributing steroids to several area fitness centers.

They said the investigation is continuing and would not say which fitness centers might have been involved. […]

With each search warrant, large quantities of steroids were seized, including 130 bottles of steroids containing 2,684 pills, 53 vials of liquid steroids and two tubes of cream. Authorities did not have an estimated street value for the steroids.

Approximately $2,870 in cash was also seized with the steroids discovered in Musante’s vehicle and several hundred syringes were seized with steroids at his residence. […]

Bryce, Jill. "UAlbany student arrested, charged with steroid possession." Daily Gazette. March 13, 2001: B1, B5. http://news.google.com/newspapers?nid=1957&dat=20010313&id=HHIhAAAAIBAJ&sjid=a4gFAAAAIBAJ&pg=6045,2564262

The TU’s unfortunately put many of its articles behind a paywall and one can only see the first few short paragraphs of them.

ALBANY -- A UAlbany business major who police say made thousands of dollars selling steroids to students and health club users pleaded guilty Wednesday to one count of attempted criminal possession of a controlled substance. Matthew Musante of Hamilton Street, Albany, faces six months in jail when sentenced. He was arrested at the Fort Orange post office in March when he went to pick up two packages of steroids, according to the county Sheriff's Department. Musante, a junior [...]

"UAlbany student pleads guilty to selling steroids." Albany Times Union. May 10, 2001: B9.

Authorities say a 20-year-old business major at the University at Albany made thousands of dollars selling steroids to fellow students and health club users.

Matthew J. Musante of Hamilton Street in Albany was arrested by the Albany County Sheriff's Department Drug Interdiction Unit and members of the U.S. Postal Inspectors when he allegedly went to pick up two packages of steroids at the Fort Orange post office Friday, the sheriff's department said.

Musante, a junior at [...]

Fricano, Mike. “UAlbany junior charged with steroid sales.” Albany Times Union. March 13, 2001: B1.

It actually gets worse from there (as spoiled in my subject line).

Matthew Musante […]

Previous [employment] Kaufman, Rossin & Co., V12 Group - Direct Marketing Associates, United State of Fitness […]

Stony Brook University [i.e. SUNY Stony Brook]

Bachelor’s degree, Business Management

2002-2003

https://www.linkedin.com/pub/matthew-musante/8/ba1/b9a

Since a BA can’t be obtained in two years generally, I’d bet he was a transfer from SUNY Albany after being busted for drug trafficking. SUNY Stony Brook must be so glad they overlooked his criminal history at SUNY Albany and let him finish his Business Management degree...

In December 2012, a separate criminal indictment charged John W. Femenia, Sawn C. Hegedus, Danielle C. Laurenti, Matthew J. Musante, Aaron W. Wens, Roger A. Williams, Kenneth M. Raby, Frank M. Burgess, Jr., and James A. Hayes for their involvement in the insider trading conspiracy. Femenia, Hegedus, Laurenti, and Musante have pleaded guilty and are awaiting sentencing.

“Maryland Man Charged in Insider Trading Conspiracy; Defendant Netted More Than $650,000 in Illegal Profits from College Friend’s Insider Tips.” April 3, 2014. http://www.fbi.gov/charlotte/press-releases/2014/maryland-man-charged-in-insider-trading-conspiracy

http://www.justice.gov/usao/ncw/pressreleases/2014/Charlotte-2014-04-03-wagner.html

In breach of his duty of confidentiality to Wells Fargo Securities, LLC (“WellsFargo Securities”) and its clients, Femenia misappropriated “inside" information about the Business Combinations and supplied or "tipped" it to three personal friends who traded on the inside information themselves: (a) Defendant Shawn C. Hegedus (“Hegedus"), who traded on the information with his girlfriend Defendant Danielle C. Laurenti (“Laurenti") through two entities they own and control, Defendant Coram Real Estate Holdings, Inc. ("Coram RealEstate") and Defendant GoldStar P.S. Inc. (“GoldStar P.S."); (b) Defendant Matthew J. Musante ("Matthew Musante"); and (c) Defendant Aaron M. Wens (“Wens”) […] Shortly after receiving the inside information, Matthew Musante also tipped the information further to his father, Defendant Anthony C. Musante (“Anthony Musante”) who himself also traded on the inside information in a TD Ameritrade brokerage account jointly held with his wife, Relief Defendant Christine E. Musante ("Christine Musante") (the"Femenia!Hegedus-Musante Chain”).

[etc. - there’s more references to the Musantes in the linked PDF]

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF NORTH CAROLINA

SECURITIES AND EXCHANGE COMMISSION,Plaintiff, V. JOHN W. FEMENIA, SHAWN C. HEGEDUS, DANIELLE C. LAURENTI, CORAM REAL ESTATE HOLDING, INC., GOLDSTAR P.S. INC.,ROGER A. WILLIAMS, KENNETH M. RABY, FRANK M. BURGESS, JAMES A. HAYES, MAITHEW [sic] J. MUSANTE, ANTHONY C. MUSANTE and AARON M. WENS, Defendants, and KRISTINE LACK and CHRISTINE E. MUSANTE, Relief Defendants

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-255.pdf