Fugitive
Watertown Man on the Lam Arrested by U.S. Marshals in Puerto Rico
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A Watertown man convicted of insider trading was arrested in Puerto Rico months after he failed to report to prison for a Federal prison sentence.
Robert H. Bray, 79, was convicted in May 2016 of securities fraud after he was convicted of insider trading for buying – and later selling – shares of Wainwright Bank & Trust Company based on a tip that Wainwright would be acquired. He was sentenced to pay a $1 million fine and two year prison sentence. Bray was supposed to report to Federal prison in Devens on May 19 to begin his sentence, but he disappeared. After a months-long, nationwide manhunt, U.S. Marshals located Bray in the small coastal town of Añasco, Puerto Rico, according to a report in the Boston Globe. He is expected to appear in federal court in San Juan this week, the Globe reported.