FORMER Merrill Lynch analyst Stanislav Shpigelman, sentenced to prison for insider trading, says "false promises, deception, intimidation and flattery" led him to leak secret information on pending deals. Shpigelman, 24, a former analyst in Merrill's mergers-and- acquisitions division, was sentenced to 37 months' jail last month, after pleading guilty to charges that he told two junior employees at Goldman Sachs about pending mergers. In legal papers made public last week, a lawyer for Shpigelman offered a glimpse into how former Goldman fixed-income associate Eugene Plotkin and ex-Goldman analyst David Pajcin recruited participants into what prosecutors said was a multimillion-dollar insider trading scheme.