Ex-OSI Controller Gets 3 Years For Insider Trading Conviction

By Rachel Scharf (November 30, 2021, 1:48 PM EST) -- A former OSI Systems executive was sentenced to nearly three years in prison Monday after a California federal jury convicted him of insider trading on the technology company's confidential information to the tune of $475,000.

U.S. District Judge Dale S. Fischer slapped Mark A. Loman, 60, with a 35-month prison term and $600,000 fine. According to prosecutors, Judge Fischer said during sentencing that Loman "betrayed his employer and the market."

Loman, once OSI's vice president of finance and corporate controller, was convicted Sept. 2 on eight counts of securities fraud and insider trading following a 10-day jury trial. Six of the counts stemmed...

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