NEW YORK (AP) — A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office.
Former U.S. Rep. Steve Buyer, 64, a House Republican from 1993 to 2011, was also ordered to forfeit $354,027, representing the amount of illegal gains, and to pay a $10,000 fine.
Defense lawyers had requested home confinement and community service as a punishment while prosecutors urged a three-year prison sentence.
The judge said Buyer lied when he testified at his trial about when he learned about mergers that he profited from.
Buyer was ordered to report to prison on Nov. 28.
Persons:
—, Steve Buyer, Bill Clinton’s, Navigant, Guidehouse, Richard M, Berman, “, I’ve, ”
Organizations:
U.S . Rep, Republican, Persian Gulf, Veterans ’ Affairs, Mobile, Sprint
Locations:
U.S, Indiana, Persian, Manhattan, New York City, Noblesville , Indiana