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Friday, February 13, 2015

Ex Wells Fargo banker gets 5 years for insider trading ring

Federal prosecutors say a former Wells Fargo Securities investment banker, his stockbroker friend and a network of friends and family were sentenced to prison after using insider information to pocket $11 million. The U.S. attorney's office in Charlotte said Friday that 33-year-old former banker John Femeni of Greenwich, Connecticut; 34-year-old Shawn Hegedus of Centerreach, New York; and his 34-year-old wife Danielle Laurenti of Massapequa Park, New York, were sentenced to between 1 A1 2 and 10 years in prison.


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