Former SEC Staffer Gets House Arrest In Info Theft Case

By Reenat Sinay (March 24, 2021, 9:19 PM EDT) -- A former U.S. Securities and Exchange Commission staffer who admitted to stealing confidential information from the agency dodged prison time Wednesday when a New York federal judge sentenced him to nine months of home confinement.

Michael Cohn, 61, pled guilty last fall to improperly accessing nonpublic information about an SEC investigation into private equity firm GPB Capital Holdings LLC while applying for a job there.

"I'm deeply sorry and ashamed for my conduct," Cohn said during the Wednesday afternoon sentencing before U.S. District Judge Gary R. Brown.

Judge Brown ordered Cohn to pay a $50,000 fine. The sentence of nine months'...

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