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.