Doom FrenchFry, time to liquidate ALL US assets, including the sailboat company: "Investor sentenced in Wall Street insider scheme
NEW YORK (Reuters) - An investor indicted with 10 others of conspiring to steal more than $1 million through
inside information obtained from major Wall Street brokerages was sentenced to two to six years in prison
Wednesday.
Manhattan Supreme Court Judge Edward McLaughlin also fined private investor Vincent Napolitano $150,000 and
ordered him remanded but his lawyer said he would appeal and seek bail. Napolitano, 31, who was convicted Nov.
1999 of conspiracy, criminal possession of stolen property and scheming to defraud.
Napolitano made $220,000 from information covering dozens of companies including Health Images Inc., Coram
Healthcare GMIS, Pacific Rehabilitation, StarSight Telecast and Square Industries, according to testimony at his trial.
Eight of the other defendants in the insider trading case that began three years ago pleaded guilty and charges against
the other two defendants were dismissed.
The charges stemmed from the arrest of Marisa Baridis, a legal compliance officer who sold confidential information
stolen from her former employers, Smith Barney a subsidiary of Travelers Group Inc. and Morgan Stanley Dean
Witter, Discover & Co.
Baridis was responsible for protecting highly sensitive merger and acquisition information. A week after she was
indicted in state court, federal prosecutors filed similar charges against her.
Baridis pleaded guilty in federal court in December 1997 to selling confidential information and faces a possible
maximum sentence of 15 years in prison and a $1 million fine. She is cooperating with federal prosecutors.
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