British Waste Exec Gets 2 Years For Insider Trading

Law360, New York (January 21, 2011, 2:08 PM EST) -- A British judge sentenced a former senior manager at waste industry company PM Onboard Ltd. on Friday to 27 months in prison and ordered him to forfeit £197,000 ($315,000) for an insider trading and money laundering scheme.

Judge James Wadsworth chastised Neil Rollins, who was found guilty Nov. 26 of five counts of insider trading and four counts of money laundering.

“You sold when you knew it was folly to buy,” Judge Wadsworth said. “Every pound you saved was a pound someone else spent. By selling...
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