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Join the Securities Litigation and Enforcement Group on LinkedInIn Unusual Sentence, Ex-Dewey & LeBoeuf CFO Avoids Jail Time | The American Lawyer
Joel Sanders, the former chief financial officer at now-defunct Dewey & LeBoeuf, avoided a prison term on Tuesday when a New York State Supreme Court justice instead ordered him to pay a $1 million fine and perform 750 hours of community service. The Manhattan District Attorney’s Office had urged for the maximum sentence under his […]
Ex-Investment Bank Vice President Pleads Guilty to Insider Trading | Reuters
A former investment banking vice president pleaded guilty on Thursday to a U.S. charge that he engaged in insider trading in Neustar Inc shares before the advertising technology company announced it would be acquired by a private equity firm. Avaneesh Krishnamoorthy, a 42-year-old Indian citizen living in West New York, New Jersey, entered his plea […]
Las Vegas gambler linked to golfer Phil Mickelson gets five years in prison for insider trading | SPIN.ph
A Las Vegas gambler linked to golfer Phil Mickelson was sentenced Thursday (Friday, Manila time) to five years in prison by a judge who said the businessman collected tens of millions of dollars illegally in the stock market to seem like “a winner” to himself and others. U.S. District Judge P. Kevin Castel rejected the […]
Former Expedia IT employee get 15 months in U.S. prison for insider trading — Reuters
A former Expedia Inc computer support technician was sentenced to 15 months in prison on Tuesday after admitting he stole confidential information from senior executives’ emails to profit from insider trading. Jonathan Ly, 28, was sentenced by U.S. District Judge John Coughenour in Seattle after pleading guilty in December to a securities fraud charge for […]
Australia: Lock white collar crims up, says ASIC
Tax dodgers, fraudsters and insider traders are often greedy or lazy but jailing them is a waste of money because it doesnt work as a deterrent, law academic Mirko Bagaric told a white collar crime penalties inquiry in Melbourne on Tuesday. However that was refuted at the public hearings by Australian Securities and Investments Commission […]
BigLaw clerk sentenced to nearly 4 years in jail for insider trading scheme
A former law clerk at Simpson Thacher & Bartlett has been sentenced to almost four years in jail for stealing sensitive client information in an insider trading scheme. Steven Metro, formerly managing law clerk at the BigLaw firm in New York, has been given a 46-month jail term by U.S. District Judge Michael Shipp in Trenton, […]
Law clerk in napkin-chewing insider case gets nearly 4 years prison | Reuters
The former law firm clerk whose tips about corporate mergers fueled an insider trading scheme in which one participant ate evidence written on napkins and Post-its in Grand Central Terminal was sentenced to nearly four years in prison on Wednesday. Steven Metro, a former managing clerk at Simpson Thacher & Bartlett, received his 46-month sentence […]
People, please stop making these two insider trading-related mistakes! | Compliance Week
There are two insider trading-related “mistakes” that I have repeatedly warned against in this blog through the years. Last month, a former partner at a law firm was sentenced to six months in prison for allegedly making both of them. via People, please stop making these two insider trading-related mistakes! | Compliance Week
Former CalPERS chief sentenced to prison in bribery scandal | The Sacramento Bee
He arrived in plain jail clothes, shackles around his ankles, the humbled former leader of America’s largest public pension fund ready to accept his punishment for taking bribes. He left with a prison term of 4 1/2 years. Fred Buenrostro, the former chief executive of CalPERS, was sentenced Tuesday by a federal judge who called his […]