ACCESS TO NON-PUBLIC INFORMATION NETTED HIM $650K
On April 11, 2024, a Los Angeles federal jury convicted SB (35) of Brentwood, Los Angeles, of six counts of “inside trading.” Apparently, between 2012 and 2013, SB received non-public information from a childhood friend, who was working at J.P. Morgan Securities, and used that “inside information” to purchase stocks which ultimately netted some $650,000 in “illicit profits.”
Scheduled to be sentenced on July 15, 2024, SB faces up to 20 years in prison on each count.
You can count on him going to prison for a long time ….
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