Banker Gets 40 Months For $1M Insider Trading Plot

Law360, New York (February 2, 2011, 3:57 PM EST) -- A London court sentenced a former Dresdner Kleinwort Ltd. banker on Wednesday to three years and four months in prison for engaging in a nearly $1 million insider trading scheme with his wife and a friend.

Christian Littlewood, a senior investment banker who had worked for Dresdner and English brokerage firm Shore Capital Group Ltd., pled guilty in January to engaging in insider deals on several London Stock Exchange and Alternative Investment Market-listed shares between 2000 and 2008.

Littlewood’s 40-month sentence is the longest ever imposed...
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