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Top related persons:
Stephen Buyer - 1 Brendan McDermid - 1 Richard Berman - 1 Buyer - 1 Prosecutors - 1 Jody Godoy - 1 Deepa Babington - 1
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U.S - 1 United - 1 Courthouse - 1 REUTERS - 1 Mobile - 1 Former U.S - 1 Mobile US Inc - 1 Sprint - 1

Search resuls for: "Stephen Buyer"


2 mentions found


☆ Ex-US congressman sentenced to 22 months for insider trading
  + stars: | 2023-09-19 | by ( Us Appeals Judge Faults Probe Of Federal Circuit'S Pauline Newman | Andrew Goudsward | August | ) www.reuters.com   time to read: +1 min
Congressman Stephen Buyer arrives for his insider trading trial at the United States Courthouse in the Manhattan borough of New York City, U.S., March 8, 2023. Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. U.S. District Judge Richard Berman in New York sentenced Buyer, who was found guilty on four counts of securities fraud at a trial in March. Buyer took the stand at trial and denied trading on inside information. Buyer asked to be sentenced to home confinement, citing his service in Congress and the U.S. military.
Persons: Stephen Buyer, Brendan McDermid, Richard Berman, Buyer, Prosecutors, Jody Godoy, Deepa Babington Organizations: U.S, United, Courthouse, REUTERS, Mobile, Former U.S, Mobile US Inc, Sprint, District, New York, Republican, U.S . House, Navigant Consulting, Guidehouse, U.S ., Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Former, New, Indiana, Congress, Southern District, Southern District of New York, New York
☆ Ex-US congressman convicted of insider trading before T-Mobile merger
  + stars: | 2023-03-10 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +1 min
Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. Prosecutors said at a trial that began on March 1 that Buyer bought Sprint stock after learning from a T-Mobile executive that the telecommunications companies were in merger talks in 2018 and engaged in another insider trading scheme in 2019. Buyer took the stand at trial and denied trading on inside information. Buyer made more than $100,000 from the Sprint trades and more than $200,000 on stock in Navigant Consulting Inc, which he purchased before Guidehouse acquired the company in 2019, according to prosecutors. Reporting by Jody Godoy in New York; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
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