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Hedge Fund CEO Gets 1 Year & 1 Day In Prison For Insider Trading Scheme

Jail

Preet Bharara, the United States Attorney for the Southern District of New York, has announced that Drew K. Brownstein (also known as 'Bo'), CEO of a Denver-based hedge fund was sentenced Manhattan federal court to one year and one day in prison for securities fraud arising from an insider trading scheme in which he received material, non-public information about a pending acquisition of Mariner Energy, Inc.

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Lloyd Fonzie Blankfein

Golden Goldman

Goldman Sachs generated about $10bn over the last five years from investments in funds, holdings that the firm is required to scale back because of the Volcker Rule.