To: re3 who wrote (149162 ) 10/23/2002 8:27:06 PM From: Lizzie Tudor Respond to of 164684 Canadian news alert....Ex-Porn Star Is Sentenced to Jail By DEVLIN BARRETT 10/23/2002 18:24:38 ESTNEW YORK (AP) - A former porn star who admitted profiting from insider information she received from a Wall Street executive was sentenced on Wednesday to three months in prison. "I did a lot of wrong things, but I'm an adventurous Aries and a Canadian," Kathryn Gannon, who appeared as Marylin Star in several adult films, said outside federal court in Manhattan. "I'm going to go to jail with my head up high, and I'm going to be the captain of my cell block." Gannon, 33, said she hoped the sentence would restore her flagging finances. "There is going to be a movie made about my life story," she said. "Jail time actually promotes it even better - ching, ching!" The case attracted attention because of Gannon's profession and because her co-conspirator, James McDermott Jr., was a $4 million-a-year executive known for his appearances on television investment programs. McDermott, the former chief executive of New York-based investment bank Keefe Bruyette & Woods, admitted feeding stock tips to the porn star and was sentenced in June 2001 to the five months he had already served in jail. Gannon, who appeared in adult movies such as "Marylin Does Miami" and "Babe Watch 3," made more than $80,000 on trades in 1997 and 1998. John Pollok, Gannon's lawyer, asked U.S. District Judge Richard Owen to sentence her to home detention. But Owen refused, saying the punishment should send a message to the investment community. "I'm certainly not going to tell the United States public and hardworking prosecutors that the federal securities laws have no teeth, whether you're a lying CEO or just a $150,000 cheating investor," Owen said. Gannon began to cry as the judge discussed her jail sentence. After the hearing, she quickly regained her composure, telling reporters she was "perfectly happy to pay the time for the crime." Gannon must surrender to authorities by Dec. 2. siliconinvestor.com