Middleman In $37M Insider Trading Scheme Gets 27 Months

Law360, New York (June 5, 2012, 3:33 PM EDT) -- A day after hitting an attorney with the longest prison term ever imposed for insider trading, a New Jersey federal judge on Tuesday dished out a 27-month sentence to the middleman in a 17-year, $37 million scheme fueled by confidential deals information.

U.S. Judge Katharine S. Hayden handed down the sentence for Kenneth Robinson, a mortgage broker, a little more than a year after he copped to two counts of securities fraud and a conspiracy charge for funneling inside information from former Wilson Sonsini Goodrich &...
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