Atty Gets 1.5 Years For Losing Settlement In Stocks

Law360, New York (June 17, 2010, 6:04 PM EDT) -- A federal judge has sentenced a former California attorney to 18 months behind bars for losing more than $2 million he had won for clients in a labor class action by day-trading it away on the stock market.

Sandeep Baweja, 40, was sentenced Wednesday in the U.S. District Court for the Central District of California, according to the U.S. Attorney's Office. He also agreed to pay full restitution.

Baweja pled guilty in January to wire fraud and obstruction of justice.

Prosecutors had asked the judge to...
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