Former Executive Gets 16 Months In Prison For Insider Trading

LOS ANGELES (AP) — A former executive for an investor relations firm has been sentenced in Los Angeles to prison for an insider trading scheme that generated nearly $2 million in illegal profits.

Federal prosecutors say 40-year-old Zachary Bryant of New York was sentenced Monday to 16 months in prison. He pleaded guilty last year to conspiring to commit insider trading.

Investigators says Bryant was the vice president in the Los Angeles office of the Lippert Heilshorn & Associates when he took $30,000 brines in exchange for providing confidential information on publicly traded companies.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

  1. martin says:

    What’s a Brine?

    1. DJA says:

      Probably that was a typo. Should have said bribes.

  2. Sandi A says:

    What is a brine?

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio

Listen Live