It wasn’t for the money — at least not a lot of it. According to the NY Post former Diamondback
Capital portfolio manager Todd Newman asked a judge for “leniency” yesterday
when he is sentenced next month as part of a $72 million insider-trading
conspiracy in computer-maker Dell and a software firm.
Newman, who faces up to 78 months in prison, claims he
should receive a much lighter sentence because he pocketed only $442,761 on his
trade — just 12 percent of the $4 million the government claims.
Join the pity party at http://www.nypost.com/p/news/business/inside_trader_go_easy_HL7H7HQNX9FE80SskI2zYL
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