Disgraced New York investment banker Perk Hixon on Wednesday pleaded guilty to insider trading — becoming the 80th Wall Street high-flier to crash due to Manhattan US Attorney Preet Bharara’s years-long crackdown.
The New York Post reports that Hixon, his 6-foot-4 frame tucked trimly into a grey suit as the court hearing started, faces 46 months to 57 months in prison under the plea agreement hammered out with Bharara, whose record is now 80-0.
The banker must also pay a $710,000 fine.
Sentencing is scheduled for August 1.
The 55-year-old former executive with Evercore Group used illegal inside information from 2010-2013 to trade shares through accounts of Destiny Robinson, his 36-year-old former girlfriend, and his father, Frank Sr., to pocket nearly $1m in illicit profits, prosecutors charged in a Feburary 21 complaint.
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