Tony O'Brien

Tony O’Brien was the founding partner of Capital Markets Trading Group, which, in 2001 allegedly lost $12 million related to fraudulent trading by an employee of Magenta Forex, a group operating closely with insurer AIG. Instead of focusing on the rogue trader -- who was eventually sentenced to five years in separate fraud case in Britain -- the federal authorities on August 31 2002 indicted O’Brien on 10 counts of securities and wire fraud. Facing a maximum sentence of 50 years, O’Brien spent the next 10 months under house arrest in Ohio. After a 17 day jury trial, he was acquitted of all charges. On Tuesday, he filed a $100 million dollar lawsuit against AIG alleging fraud and malicious prosecution.