Two get federal prison terms in insider trading case

Jun 5, 2012 | Posted by: Mr_Bill | Full story: www.usatoday.com

A former stock trader has been sentenced to nine years in prison for what prosecutors say was a 17-year long insider trading scheme that reaped more than $30 million.

Garrett Bauer was sentenced in federal court in Newark on Monday, shortly after co-conspirator Matthew Kluger, a former attorney, received a 12-year term.

Comments
1 - 11 of 11 Comments Last updated Jun 6, 2012

Since: May 11

Location hidden

|
Report Abuse
|
Judge it!
|
#1
Jun 5, 2012
 

Judged:

1

17 years and they only made $30 mil???

Doesn't sound like they were very good at what they were doing.

“Shoot for the stars”

Since: Dec 10

Planet Earth

|
Report Abuse
|
Judge it!
|
#2
Jun 5, 2012
 

Judged:

2

2

1

PayThat CEO wrote:
17 years and they only made $30 mil???
Doesn't sound like they were very good at what they were doing.
The repugs donít want federal regulations so trash, like the two sentenced, can get away with their criminal activities. Bernie Madoff was a repug who was rubbing elbows with people from the Bush administration.

Since: Jul 07

Newport News, VA

|
Report Abuse
|
Judge it!
|
#3
Jun 5, 2012
 

Judged:

2

2

2

Earth Child 1 wrote:
<quoted text>The repugs donít want federal regulations so trash, like the two sentenced, can get away with their criminal activities. Bernie Madoff was a repug who was rubbing elbows with people from the Bush administration.
your jealousy is showing. he stole billions from right under those "tough regulators" at the SEC. oh, and by the way, what political affiliation did corzine have? hmmmm. i thought greed was only on one side of the street?
Makes sense

Dearborn Heights, MI

|
Report Abuse
|
Judge it!
|
#4
Jun 5, 2012
 
TOO LITTLE TOO LATE OBAMA! We want Bishop Rmoney. He'll do much better!!!

“your life is great”

Since: Aug 09

you poop in clean water

|
Report Abuse
|
Judge it!
|
#5
Jun 5, 2012
 
GoodNewz wrote:
<quoted text>
your jealousy is showing. he stole billions from right under those "tough regulators" at the SEC. oh, and by the way, what political affiliation did corzine have? hmmmm. i thought greed was only on one side of the street?
corzine?
he ranted against de-regulation while in office.
then used de-regulation to his personal advantage after leaving office.
.
which makes him........., a greedy person that understands the law.
or, a duplicitous person that took advantage of a lacking system to show "the world" what was being allowed through de-regulation.

Since: Jul 07

Newport News, VA

|
Report Abuse
|
Judge it!
|
#6
Jun 5, 2012
 
anneutral wrote:
<quoted text>
corzine?
he ranted against de-regulation while in office.
then used de-regulation to his personal advantage after leaving office.
.
which makes him........., a greedy person that understands the law.
or, a duplicitous person that took advantage of a lacking system to show "the world" what was being allowed through de-regulation.
don't forget the democrat governor of NJ part, and insider with obama admin.... he was KO's by the athletic chris christie.

“your life is great”

Since: Aug 09

you poop in clean water

|
Report Abuse
|
Judge it!
|
#7
Jun 5, 2012
 
GoodNewz wrote:
<quoted text>
don't forget the democrat governor of NJ part, and insider with obama admin.... he was KO's by the athletic chris christie.
everyone knows who corzine is, unless they've been living in a cave I mean.
.
I was pointing out the irony of his actions.
and who's NOT an insider in the Obama administration?
at this point almost anyone on the planet can be associated is some way shape or form.
.
in fact, I think that while in office he almost killed his family while driving drunk
(I could be thinking of someone else from NJ)
Sheik Yerbouti

Jamison, PA

|
Report Abuse
|
Judge it!
|
#8
Jun 5, 2012
 
We need the death penalty for economic crimes. If a few of these wall street sociopaths were executed these shenanigans would stop! Madoff and corzine should have gotten the needle!

“your life is great”

Since: Aug 09

you poop in clean water

|
Report Abuse
|
Judge it!
|
#9
Jun 5, 2012
 
Sheik Yerbouti wrote:
We need the death penalty for economic crimes. If a few of these wall street sociopaths were executed these shenanigans would stop! Madoff and corzine should have gotten the needle!
we don't even give the death penalty to rapists and murderers, these guys will get white collar jail, which is essentially a resort when compared to normal prison.
DENG

Zhenjiang, China

|
Report Abuse
|
Judge it!
|
#10
Jun 6, 2012
 
"Two get federal prison terms in insider trading case"

LET'S SEE, GEORGE W. BUSH KILLED 12 MILLION AFGHANS AND 8 MILLION IRAQIS AND HE GETS ALL THE GOVERNMENT WHISKEY--FREE--THAT HE CAN DRINK.

Since: Jul 07

Newport News, VA

|
Report Abuse
|
Judge it!
|
#11
Jun 6, 2012
 
DENG wrote:
"Two get federal prison terms in insider trading case"
LET'S SEE, GEORGE W. BUSH KILLED 12 MILLION AFGHANS AND 8 MILLION IRAQIS AND HE GETS ALL THE GOVERNMENT WHISKEY--FREE--THAT HE CAN DRINK.
does the CCP know that you are sending emails from the rice paddy collective??? you could be in big trouble...

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••
•••

Newark News Video

•••
•••

Newark Jobs

•••
Enter and win $5000
•••
•••

Newark People Search

Addresses and phone numbers for FREE

•••

Newark News, Events & Info

Click for news, events and info in Newark
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••