Ex-Citigroup Trader Gets 15 Months

Law360, New York (March 20, 2007, 12:00 AM EDT) -- A former Citigroup executive accused of inflating profits by $20 million has been sentenced to 15 months in prison.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York handed down the sentence to David Becker, who once headed Citibank’s commodities trading desk. After Becker completes his prison term, he will be on supervised release for two years.

Hellerstein also ordered Becker to pay $200,000 in restitution and a $25,000 fine.

In Septemeber 2006, Becker pled guilty to participating in...
To view the full article, register now.