BofA Inside-Trader Gets 7 Months

Law360, New York (February 25, 2008, 12:00 AM EST) -- Banc of America securities unit member Paul Risoli was sentenced Friday to seven months in prison for his part in an insider-trading scheme involving wire fraud and conspiracy.

"Your honor, my actions were wrong and I will always regret what I did," Risoli said at the hearing Friday, according to Dow Jones.

Judge John G. Koetle of the U.S. District court for the Southern District of New York also sentenced Risoli to two years' supervised release, and while he did not impose a fine, Risoli was...
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