Insider Trader Can’t Postpone Prison Time For Family Time

Law360, New York (May 9, 2013, 4:12 PM EDT) -- A New York federal judge on Wednesday rejected convicted insider trader Todd Newman’s request that he be allowed to spend more time with his daughter before the beginning of his 4 1/2-year prison sentence.

Newman was convicted by a jury in December of five insider trading-related charges for his role as a portfolio manager at now-defunct fund Diamondback Capital Management LLC, where he earned as much as $4 million a year before a government investigation, part of a crackdown on Wall Street malfeasance, derailed his career....
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