DealBook: Ex-SAC Manager Gets 2½-Year Jail Term In Insider Case

A former portfolio manager at SAC Capital Advisors was sentenced to two and a half years in prison on Friday after he pleaded guilty in April to insider trading. The manager, Donald Longueuil, 35, was swept up in the federal government’s latest front in its crackdown on insider trading on Wall Street, which has focused on so-called expert networks. Expert networks are essentially matchmakers, connecting hedge fund managers with industry executives who offer insights about their businesses.” (Read Full Article Here)

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