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Ex-investor relations exec pleads guilty in NY to insider trading

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A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to insider trading. Michael Lucarelli, the former director of market intelligence at Lippert/Heilshorn & Associates, pleaded guilty in Manhattan federal court to one count of securities fraud on his 52nd birthday. He faces up to 20 years in prison at his sentencing in January, though he's likely to receive a shorter term. Prosecutors said he used nonpublic information gleaned from LHA documents to trade in companies that were clients of the firm, earning nearly $1 million in illicit profit from 2013 to 2014. In August, following his arrest and initial court appearance, Lucarelli fled photographers in a sleeveless undershirt, leaving his sandals behind in his haste. His all-out sprint was captured by CNBC and the video clip was featured on an episode of The Daily Show. He wore a

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