Thursday, October 13, 2011
The New York Times features a story in its business section on Michael Kimelman, whom it describes as a former "journeyman trader" who was sentenced to 2-1/2 years in prison for his role in the Raj Rajaratnam insider trading ring, based on his association with Zvi Goffer, one of the Galleon traders. Kimelman had turned down a plea that would have involved no prison time. NYTimes, Caught in a Wide Web, a Trader Faces Prison
Raj Rajaratnam's sentencing is today. It is expected to be the longer insider trading sentence ever.