Ex-Microsoft manager gets 2 years in jail for insider trading
09 August 2014, 11:02
Seattle - A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader has been sentenced to two years in prison for insider trading.
The U.S. attorney's office in Seattle says the two men made $415,000 from three trades.
Federal court documents say Brian Jorgenson was a senior manager in Microsoft Corp.'s Treasury Group when he provided the information to his friend Sean Stokke. They were accused of trading on three corporate developments: two quarterly earnings reports, and Microsoft's 2012 investment in Barnes & Noble Inc.
Jorgenson told a federal court judge in Seattle on Friday that he tried to take a shortcut for his own financial gain.
His codefendant, Stokke, was sentenced last month to 18 months in prison.
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