Former Deloitte partner gets 21 months in prison for insider trading

Thomas Flanagan capitalized on knowledge of his corporate clients for personal gain

The insider trading sentences are just pouring in. The legal community got its first taste of justice last week when Rajat Gupta got two years in prison for his role in the high-profile Goldman Sachs/Galleon Group insider trading case. Then, on Friday, a former Deloitte & Touche partner received his punishment for insider trading with the stocks of his corporate clients.

Thomas Flanagan is headed to prison for 21 months, starting Jan. 15, 2013, and once he gets out, he’ll have 200 hours of community service waiting for him. The court also fined him $100,000.

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