Thursday, December 13, 2012

Banker jailed for helping girlfriends make more than $3.2 million with insider info




Former Mizuho International Plc investment banker Thomas Ammann was sentenced to 32 months in prison for passing inside information about deals he was advising on to two women he was dating.

Ammann, a 39-year-old German national who worked on the Mizuho mergers and acquisitions team advising Canon on its takeover of OCE NV, must serve half of the sentence, Judge Anthony Leonard ruled today.

Jessica Mang and Christina Weckwerth were cleared of trading on illegal tips from him following a London trial that ended last month. Ammann pleaded guilty earlier this year to insider trading and encouraging the women to commit insider trading….

Wait...wait...there's more at http://www.bloomberg.com/news/2012-12-13/ex-mizuho-banker-gets-32-months-for-leaking-tips-to-girlfriends.html

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