Ex-Microsoft Hedge-Fund Hopeful Gets Two Years For Insider Trading

Aug 11 2014 | 6:18am ET

Brian Jorgenson hoped that the more than $400,000 he and a friend earned illegally trading Microsoft Corp. shares would pave the way to hedge-fund success. Instead, he’ll pay for the profits with two years of his life.

Jorgenson and a friend used information he received as an employee of Microsoft’s treasury department to make the trades, which they hoped would be part of an investment track-record that would allow them to launch their own hedge fund. The scam ran from early 2012 through the end of last year, when Jorgenson and his friend, Sean Stokke, were arrested. Jorgenson pleaded guilty earlier this year.

On Friday, U.S. District Judge Marsha Pechman in Seattle sentenced Jorgenson to two years in prison, saying it was “important that you serve as a public example.” Stokke, whom Jorgenson admitted to enticing into the scheme, received one-and-a-half years two weeks ago. Both men had faced up to 20 years in prison.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...