Former Vice Chairman of ISE Sentenced to 18 Months for Conspiracy to Commit Securities Fraud

John Marshall, former vice chairman of the International Securities Exchange, was sentenced on Monday to 18 months in prison for his role in an alleged conspiracy to leak confidential information about the $2.8 billion takeover of the ISE in 2007.  As previously discussed in detail here, Marshall pleaded guilty on September 26, 2008 to one count of conspiracy to commit securities fraud.

Reuters reports that U.S. District Judge Laura Taylor Swain of the SDNY also ordered John Marshall to serve 12 months of home confinement as part of a three-year term of supervised release.  Marshall must also forfeit $1.1 million in profits he and two business partners realized from the alleged scheme.

Read the Reuters article