Ex-SAC Analyst Wang Spared Prison in Insider Trading Case
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Wesley Wang, a former analyst for SAC Capital Advisors LP’s Sigma Capital unit, was sentenced to two years’ probation for insider trading after cooperating with a government investigation.
Wang recorded phone calls and wore a body wire, incriminating about 20 people in insider trading, some of whom haven’t yet been charged, prosecutors said. U.S. District Judge Jed Rakoff, citing Wang’s cooperation, yesterday sentenced him to probation, instead of as many as 37 months in prison called for in federal sentencing guidelines.