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Salis, who was representing himself in the SEC lawsuit, did not immediately respond to a request for comment. Thomas Kirsch, a lawyer for the Millers, said his clients will plead not guilty and deny the charges. "They did not engage in any insider trading or commit any crimes at all," Kirsch said. "The allegations are meritless, and the Millers look forward to fighting these allegations in court and to a full acquittal." Prosecutors said while employed at SAP in Palo Alto, California, Salis, 39, before the Concur deal was announced tipped his friend Douglas Miller of Dyer, Indiana, off to information about the acquisition so Miller could make trades. Douglas Miller, 40, in turn told his brother, Edward Miller, who co-owned a car wash with him, and also recruited his parents into the scheme by offering to share in any proceeds from the trading, the indictment said. Douglas Miller also recruited two unnamed sales managers at a national energy drink company into the scheme, directing them to open brokerage accounts, which Miller then accessed to buy call options in Concur, the indictment said. By trading ahead of the acquisition's announcement, Douglas Miller made about $119,000 and Edward Miller, 43, made about $149,000, prosecutors said. Other traders who used the information made $237,000, prosecutors said. In return, Salis received nearly $90,000 from his co-conspirators, prosecutors said, with the Millers taking steps to conceal their payments to avoid suspicion.
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