Ex-hedge fund analyst weeps as judge hands down 5 year sentence

Cry Baby

An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme.

The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to five years in prison for his role in a $27 million insider-trading scheme.

Teeple admitted in May that he passed on an inside tip about Brocade Communications’ $3 billion acquisition of Foundry Networks, on which others traded.

He was also ordered to fork over a $100,000 fine and the $53,890 bonus he received for his successful — although illegal — trades that year.

The 42-year old disgraced moneyman and father of three wept in Manhattan federal court as he apologized for his actions ahead of his sentencing.

'I will never forgive myself for bringing on these challenges' to his family, he said.

Hit the link below to access the complete New York Post article:

Ex-hedge fund analyst gets 5 years for insider trading

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