Ex-Morgan Stanley Worker Sentenced In Theft Case

Law360 (December 17, 2008, 12:00 AM EST) -- A Manhattan district judge has sentenced a former Morgan Stanley employee to two years of probation after he admitted to swiping a confidential list of hedge fund clients and rate formulas from the brokerage giant.

On Tuesday, U.S. District Judge Laura Taylor Swain ordered Ronald Peteka to be confined at home for 90 days of his probationary period as well as pay a $500 fine and complete 200 hours of community service.

The punishment was a slap on the wrist compared to the 10 years in prison and $250,000 fine he could have received after pleading guilty to one count of...

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