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"Inside-Trading Convicts Avoid Prison Term in 44% of New York Court Cases"

By Douglas A. Berman

The title of this post is the headline of this notable lengthy new article from Bloomberg News.  Here is how it starts, along with some other stats from the piece: Almost half of the 43 defendants who were sentenced in Manhattan federal court in the past eight years for insider trading avoided a prison term, with many never seeing the inside of a jail cell because they cooperated with prosecutors. Nineteen who were sentenced since 2003, or 44 percent, weren?t incarcerated, an analysis of court cases by Bloomberg showed. Of the remainder, the average defendant got a prison term of 18.4 months. The greater the profit made on illegal trades, the longer the sentence. The longest term was 10 years. Danielle Chiesi, who pleaded guilty yesterday for her role in the Galleon Group LLC hedge fund insider-trading scandal, faces between 37 and 46 months in prison...continue to full post

Full post as published by Sentencing Law and Policy on January 20, 2011 (boomark / email).