Boca Raton resident Charles Lawrence Baugh, Sr., 60, has entered a guilty plea in the Southern District of Florida for securities fraud stemming from an insider trading scheme. The scheme yielded over $420,000.
According to court documents, during a July 4th gathering in 2020, Baugh learned about a significant partnership and investment between Google LLC and ADT Inc., which was material non-public information. Despite his duty to confidentiality, Baugh purchased approximately 1,000 ADT call options and 800 ADT shares, as well as directing two family members to trade on the same securities.
Upon the public announcement of the partnership on August 3, 2020, ADT’s share price soared over 50%. Baugh sold all his call options, netting over $314,000. He has agreed to forfeit $316,044 as part of his plea.
Baugh’s sentencing will be determined by Judge Donald M. Middlebrooks at a later date. The investigation was conducted by the FBI Miami Field Office, with assistance from the U.S. Securities & Exchange Commission, which had previously sued and settled with Baugh.
U.S. Attorney Hayden P. O’Byrne and Special Agent in Charge Brett Skiles of the FBI Miami Field Office announced the charges, marking the fifth insider trading conviction for 2025 by the Southern District of Florida’s U.S. Attorney’s Office and FBI Miami Field Office.
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Key Facts
- State: Florida
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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