Ex-SAC Manager Longueuil Sentenced to 30 Months in Prison
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Former SAC Capital Advisors LP portfolio manager Donald Longueuil was sentenced to 30 months in prison for his role in an insider trading scheme that the U.S. says includes fund managers, so-called expert networking consultants and technology company insiders.
“I made mistakes,” Longueuil told U.S. District Judge Jed Rakoff before he was sentenced in New York. “I crossed the line. I broke the law.”