Friday, 27 February 2015
Last updated 1 hour ago
Dec 22 2011 | 2:23am ET
A top salesman at expert network Primary Global Research was sentenced yesterday to two-and-a-half years in prison for facilitating the receipt of confidential information from corporate insiders.
James Fleishman was convicted in September of conspiracy to commit fraud. Prosecutors say that Fleishman connected money managers, including hedge fund managers, with insiders, who passed on the tips. He allegedly earned more than $800,000 between 2008 and 2010.
Prosecutors had sought between seven and nine years in prison, while Fleishman’s lawyers asked for no jail time. Fleishman has denied any wrongdoing, saying that he had no idea that PGR’s experts were passing confidential information.
Fourteen of the 15 people charged in the PGR case have pleaded guilty or been convicted.
U.S. District Judge Jed Rakoff ordered Fleishman to report to prison on Feb. 7, rejecting his bid to remain free as he appeals his conviction.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…