Mitchel Guttenberg, 42, was sentenced today to 78 months in federal prison by US District Court Judge Deborah A. Batts. Guttenberg, a former executive of UBS, allegedly made a deal to provide stock tips to friends in exchange for a cut in the profit. Over a six year period, Guttenberg and his associates made some $14 million on their illicit insider trading. Guttenberg pleaded guilty to conspiracy and securities fraud in February, along with one of his associates, David Tavdy. Twelve others involved in the case have pleaded guilty to varying insider trading charges to date.Monday, November 3, 2008
Former UBS Executive Sentenced To 78 Months For Insider Trading
Mitchel Guttenberg, 42, was sentenced today to 78 months in federal prison by US District Court Judge Deborah A. Batts. Guttenberg, a former executive of UBS, allegedly made a deal to provide stock tips to friends in exchange for a cut in the profit. Over a six year period, Guttenberg and his associates made some $14 million on their illicit insider trading. Guttenberg pleaded guilty to conspiracy and securities fraud in February, along with one of his associates, David Tavdy. Twelve others involved in the case have pleaded guilty to varying insider trading charges to date.
let them gooooooooo
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