US EditionFormer U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading
- Former Congressman Stephen Buyer has been sentenced to 22 months in prison for insider trading, after being found guilty of making nearly $350,000 from illegal trades on T-Mobile and Sprint's $26.5 billion merger.
- Buyer, who served in Congress for 18 years, formed his own consulting firm that provided services to T-Mobile and other clients. His attorneys argued that his trades were based on legitimate stock research. However, U.S. District Judge Richard Berman stated that the evidence against Buyer "screams guilty."
- Despite Buyer's claims of unjust prosecution, the judge rejected his arguments. Buyer plans to appeal the decision and was disappointed with the sentence. He has been ordered to report to prison on November 28.
40 Articles
40 Articles
Former U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading
NEW YORK (AP) A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office.Former U.S. Rep. Steve Buyer, 64, a House Republican from 1993 to 2011, was also ordered to forfeit $354,027, representing the amount of illegal gains, and to pay a $10,000 fine.Buyer, a lawyer and Persian Gulf War veteran, on…
Ex-Congressman sentenced to two years in jail for insider trading: ‘He abused positions of trust’
Stephen Buyer, who was a Republican lawmaker for almost two decades, used confidential information he gained as a consultant to companies like T-Mobile to make hundreds of thousands of dollars.
Former long-serving House Republican sentenced to 22 months in prison for insider trading
A former Republican lawmaker was sentenced to 22 months in prison for insider trading on Tuesday. Stephen Buyer, 64, who served as a U.S. representative from Indiana from 1993 to 2011, was convicted earlier this year for operating off insider information after leaving office. In addition to incarceration, Buyer was ordered to forfeit the $354,027 he had gained with the trades in addition to a $10,000 fine. Buyer's conviction arose from his purch…
Ex-GOP congressman sentenced for insider trading
Stephen Buyer, a former Republican congressman for the state of Indiana, has been sentenced to nearly 2 years behind bars after being convicted of insider trading for making stock purchases with non-public information.
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