Former US Congressman Sentenced to 22 Months in Prison
Former US Congressman Stephen Buyer has been sentenced to 22 months in prison for insider trading. The former Republican congressman from Indiana was ordered to spend 22 months in prison for trading on inside information about mergers he learned about while working as a consultant after leaving office. He served in Congress from 1993 to 2011. JUST IN: 🇺🇸 Former US Congress man Stephen Buyer sentenced to 1.8 years in prison for insider trading . — Watcher.Guru (@WatcherGuru) September 19, 2023 The sentencing came Tuesday by US District Judge Richard Berman in New York. Buyer was initially found guilty in March of making nearly $350,000 insider trading ahead of T-Mobile US Inc.’s 2018 announcement of plans to acquire Sprint Corp. and Guidehouse Inc.’s 2019 acquisition of Navigant Consulting Inc. Judge Berman says that the former US Congress man must report to prison on November 28. Buyer says he will appeal the ruling and did not d...