Ex-Deutsche Boerse Staffer Convicted in Insider Trading Case
- Ex-employee gets suspended jail term from Frankfurt court
- Deutsche Boerse made it easy for him to do crimes, judge says
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A former Deutsche Boerse AG employee was handed a suspended sentence and must pay €163,000 for secretly trading on non-public information the Frankfurt stock exchange received from listed companies.
The man, who can only be identified as G. P., was found guilty of 14 counts of insider trading between January 2018 and July 2021, Presiding Judge Eva-Marie Distler said delivering the verdict in Frankfurt on Thursday. The money seized equals the transaction prices, she added.