Morrie Tobin was in Boston to cut the deal of his life.
It was early April last year. A few weeks before, federal agents had descended on the multimillion-dollar home Tobin shares with his wife and some of their six children in Hancock Park, a moneyed Los Angeles enclave.
Warrant in hand, the agents searched the French chateau-style mansion for financial records and other evidence to nail Tobin, the suspected ringleader of a stock scam that defrauded investors of millions of dollars.
The raid imploded Tobin’s very comfortable life. Faced with the prospect of years in prison and a seven-figure fine, the businessman flew to Boston to meet with the federal prosecutors handling the case. He was looking for mercy.
They offered him a standard deal: Come clean about the con job he had run on investors and, in the end, he might get some leniency.
But Tobin, 55, had something else to offer up — a nugget of information that had nothing to do with stock markets.
He hoped it would interest prosecutors and tip the scales a bit further in his favor....
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