Ex-Dresdner Banker, Wife to Pay $2.5 Million to U.K. FSA

A former Dresdner Kleinwort banker and his wife must pay 1.6 million pounds ($2.5 million) to the U.K.’s finance regulator after they were found guilty of insider trading.

Christian Littlewood, who is serving a 40-month jail sentence after he pleaded guilty last year to eight counts of insider trading, and his wife, Angie, agreed with the Financial Services Authority to forfeit the amount they profited. They owe 800,000 pounds each, including proceeds from the crimes and legal costs, according to the settlement announced in a London criminal court today.

via Ex-Dresdner Banker, Wife to Pay $2.5 Million to U.K. FSA – Bloomberg