Ex-Deloitte Partner Gets 21 Months For Insider Trading

Law360, Chicago (October 26, 2012, 7:31 PM EDT) -- A former partner in Deloitte & Touche LLP's Chicago office was sentenced Friday to 21 months in prison after pleading guilty to illegally trading on inside information about Deloitte audit clients including Best Buy Co. and Walgreen Co.

Thomas P. Flanagan, a certified public accountant who worked at Deloitte for 38 years, pled guilty in August to one count of securities fraud, admitting that he scooped up roughly $420,000 in insider trading profits and passed nonpublic information about Deloitte clients to an unnamed relative who was...
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