A former Barclays Plc director was arrested Tuesday on charges in the U.S. that he provided insider information about mergers that were impending that he learned about through the bank to his plumber, who in turn used those tips to illegally make over $76,000.

Steven McClatchey, who is 58, was charged in Manhattan with wire fraud, securities fraud and conspiracy after Gary Pusey, the plumber, pleaded guilty in secret last Friday and agreed to help authorities.

McClatchey, who worked at the bank based in Britain at one of its offices in Manhattan between December of 2008 and December of 2015, was arrested at his residence on Long Island.

Following a hearing in court, he was released. A lawyer for McClatchey did not comment, while an attorney for Pusey did not return messages left on his answering machine.

The charges came from Preet Bharara the Manhattan U.S. Attorney who has been in charge of a crackdown on insider trading that resulted in over 100 people charged and 78 convicted in the past six years.

That push suffered a setback recently following an appellate ruling in 2014 that limited the scope for laws pertaining to insider trading, which resulted in the dismissing or dropping of charges against 14 people.

According to the court complaint and a related lawsuit by the U.S. Securities and Exchange Commission that was filed Tuesday, the former Barclay’s director was in charge of tracking all possible deals that involved the bank.

He started tipping of Pusey, someone he befriended through boating, back in 2013. The complaint says his tips helped the plumber to make trades prior to merger announcements that involved 11 business including PetSmart and Forest Oil Corp.

In exchange, Pusey paid McClatchey thousands of dollars, sometimes putting the cash inside a gym bag that was taken to a marina by McClatchey in New York and provided remodeling of bathrooms for free.

While Barclays has not been identified in court documents by name, the bank did confirm it was the investment bank in Britain that employed McClatchey.

In a prepared statement, the bank said it cooperated fully in the investigation, including with the FBI and the SEC after learning of the incident with a former employee.

There has not been any date released as to when the case will start in court or if there is any plea that will be coming from the defendant.