S
Sports News
Guest
A Boston-area amateur golfer was sentenced on Friday to 1-1/2 years in prison for engaging in an insider trading scheme involving tips to his golfing and other friends about the business activities of American Superconductor Corp. Eric McPhail, 41, was sentenced by U.S. District Judge Denise Casper in Boston after a federal judge in June found the marble salesman guilty of conspiracy and securities fraud charges. At sentencing, prosecutors sought 4-1/4 years in prison for McPhail, saying it would help deter others who might participate in the "insider trading cliché" of tipping fellow country club members to corporate secrets.
Continue reading...
Continue reading...