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USA v. Lawson
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August 29, 2011
Former Bank Execs Get 2 Years For Insider Trading
A Virginia federal judge on Monday sentenced two ex-New Peoples Bank Inc. executives to two years in prison for using insider information to help friends and family sell shares of the bank's stock at a higher price.
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August 22, 2011
Bank Exec Deserves 3 1/2 Years For Inside Trading: Feds
Federal prosecutors told a Virginia court Friday that an ex-New Peoples Bank Inc. executive convicted of using insider knowledge to help friends and family sell shares of the bank's stock at a higher price should get at least 3 1/2 years in prison.