A federal judge in Manhattan on Wednesday sentenced former
hedge fund manager Steven Fortuna, who was among several informants in the
government's broad insider trading crackdown, to two years of probation for
insider trading, according to Reuters.
Fortuna pleaded guilty in October 2009 to four counts of
securities fraud and conspiracy to commit securities fraud, according to a
sentencing memorandum that Manhattan U.S. Attorney Preet Bharara filed on
February 4th. U.S. District Judge Sidney
Stein also ordered Fortuna, 50, to forfeit $200,000.
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