SAC Capital Manager’s Tipper Deserves Prison, U.S. Says
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Tai Nguyen, an expert-networking consultant who pleaded guilty to leaking inside information to ex-SAC Capital Advisors LP fund manager Noah Freeman and others, deserves as long as 57 months in prison, prosecutors said.
Nguyen, president of Insight Research LLC, should serve 46 to 57 months, U.S. prosecutors said in a filing in Manhattan federal court, citing the length of time he engaged in the trading scheme from 2006 to mid-2009.