New York courts sentenced a former Galleon employee, Craig Drimal, to 6.5 years in jail today for insider trading, according to Forbes.
Drimal plead guilty to insider trading this Spring. He was charged with netting $11 million insider trading (in 3Com, Hilton, and other stocks) along with 4 others last year. More indictments were added to their charges on April 8.
Read more at http://www.forbes.com/sites/walterpavlo/2011/08/31/galleon-group-trader-craig-drimal-sentenced-to-66-months-in-prison/
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