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Danny Kuo Wants His MBA Diploma Before Getting His Insider-Trading Sentence

Danny Kuo in New York Feb. 14, 2012
Danny Kuo in New York Feb. 14, 2012Photograph by Jin Lee/Bloomberg

Here’s proof that there is life after securities fraud: Danny Kuo, who pleaded guilty in 2012 to swapping illegal stock tips, asked a judge on Tuesday to delay his sentencing so he can attend next month’s commencement ceremony at the University of Southern California’s Marshall School of Business and receive his MBA.

Kuo was working as an analyst at Whittier Trust, which is based in South Pasadena, Calif., when he ran afoul of the Justice Department. Going to business school gave Kuo a productive way to fill the time between pleading guilty to securities fraud charges and his eventual sentencing. “He thought it would be a good way to improve his résumé during a period … when he had difficulty working because of the pendency of this case,” his lawyer, Roland Riopelle, said in an interview. Kuo has even been telling his classmates about his experience, his lawyer said, as a way to warn others about insider trading.