Wire-Wearing Insider Trader Slaine Dodges Jail

Law360, New York (January 20, 2012, 7:05 PM EST) -- David Slaine, a Wall Street insider trader who turned cooperator and helped take down the Galleon Group LLC and Zvi Goffer rings, was sentenced to community service Friday by a judge who lauded his willingness to “wire up.”

U.S. District Judge Richard J. Sullivan praised the former Chelsey Capital head trader's willingness to wear a wire, tape phone calls and testify at trials — five years' cooperation with the FBI that prosecutors say led to convictions in the Goffer case and the Galleon case.

“Mr. Slaine,...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Slaine


Case Number

1:09-cr-01222

Court

New York Southern

Nature of Suit

Date Filed

December 22, 2009

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.