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Lawyer gets 12 years in prison for $37 million insider-trading scheme

Record insider-trading sentence exceeds Rajaratnam’s

A lawyer who worked at some of the country’s most prestigious law firms has received the longest-ever prison term for insider trading.

Yesterday, U.S. District Judge Katharine Hayden sentenced lawyer Matthew Kluger to a record 12 years in jail for a $37 million insider-trading scheme that lasted 17 years. Kluger’s sentence is one year longer than the 11-year term that Galleon Group’s Raj Rajaratnam currently is serving for the same offense.

Ashley Post

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