Willow Grove Man Sentenced for Insider Trading Scheme

Carlos Sacanell received 2 years in prison and a $5,000 fine for trading on nonpublic information about CVS's acquisition of Oak Street Health.

Published on Feb. 24, 2026

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Carlos Sacanell, a 59-year-old man from Willow Grove, Pennsylvania, was sentenced to 2 years in prison and a $5,000 fine for an insider trading scheme related to CVS's 2023 acquisition of Oak Street Health. Sacanell obtained nonpublic information about the acquisition from his domestic partner, an Oak Street Health executive, and used it to trade stock and options in Oak Street Health before the deal was publicly announced, resulting in $617,000 in profits. He also lied to the FBI about obtaining the information from his partner.

Why it matters

Insider trading undermines public confidence in the fairness of the stock market and can lead to significant financial losses for ordinary investors. This case highlights the need for robust enforcement of securities laws to deter such illegal activity, especially when it involves high-level corporate executives abusing their access to sensitive information.

The details

According to court records, Sacanell obtained nonpublic information from his domestic partner, an executive at Oak Street Health, about CVS Health Corp.'s planned acquisition of Oak Street Health in 2023. Both CVS and Oak Street Health were publicly traded companies on the New York Stock Exchange. Sacanell then used this insider information to trade stock and options in Oak Street Health before the transaction was publicly announced on February 8, 2023, resulting in him receiving about $617,000 in profits. When interviewed by the FBI in April 2024, Sacanell falsely told agents that he did not obtain the information about the acquisition from his domestic partner.

  • Sacanell obtained the nonpublic information about the CVS-Oak Street Health acquisition in 2023.
  • The acquisition was publicly announced on February 8, 2023.
  • Sacanell was interviewed by the FBI in April 2024.
  • Sacanell was charged by indictment in October 2024.
  • Sacanell pleaded guilty in September 2025 and was sentenced on February 24, 2026.

The players

Carlos Sacanell

A 59-year-old man from Willow Grove, Pennsylvania who was charged and convicted of insider trading related to CVS's acquisition of Oak Street Health.

CVS Health Corp.

A publicly traded company that acquired Oak Street Health in 2023.

Oak Street Health

A publicly traded healthcare company that was acquired by CVS Health Corp. in 2023.

David Metcalf

The U.S. Attorney who announced Sacanell's sentencing.

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What they’re saying

“Insider trading undermines public confidence in the fairness of the stock market and can lead to significant financial losses for ordinary investors.”

— David Metcalf, U.S. Attorney (Patch.com)

What’s next

The judge's sentence of 2 years in prison and a $5,000 fine for Sacanell's insider trading scheme is intended to deter similar illegal activity in the future and reinforce the importance of upholding securities laws.

The takeaway

This case highlights the need for strong enforcement of insider trading laws to maintain the integrity of the stock market and protect everyday investors from those who would abuse their access to nonpublic information for personal gain. It serves as a warning that such crimes will be prosecuted to the fullest extent of the law.