Wednesday, October 4, 2006

Former FBI Agent Sentenced to Six Years

Former FBI special agent Jeffrey Royer received a six year prison sentence for his role in feeding information about pending criminal investigations of companies to Anthony Elgindy, who would then trade on the information.  Royer and Elgindy were convicted on conspiracy and securities fraud charges, and Elgindy received a sentence of over eleven years.  Royer's then girlfriend, Lynn Wingate, another former FBI agent, received probation for assisting Royer in making inquiries in the FBI computer to gather information about Bureau investigations of companies.  An AP story (here) discusses Royer's sentencing. (ph)

Securities, Sentencing | Permalink

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