Mark Kurland, Former Top Executive, Sentenced To Two Years In Prison Over Insider Trading
NEW YORK — A former top executive at a $1 billion hedge fund investment firm was sentenced to more than two years in prison Friday in the first sentencing to result from what prosecutors have called the largest hedge fund insider trading case in history.
Mark Kurland, 61, of Mount Kisco, N.Y., was sentenced Friday to two years and three months in prison and ordered to forfeit the $900,000 he made through illegal trades by a judge who blamed the attitudes of people like Kurland on the country’s financial collapse two years ago.
Read more: New Castle Partners, Financial Crisis, Insider Trading, Hedge Funds, Mark Kurland, Business News
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