A former Indiana congressman was sentenced to 22 months in prison on Tuesday.
Stephen Buyer, who served as a U.S. representative from Indiana from 1993 to 2011, was convicted earlier this year for operating off insider information.
“Stephen Buyer was convicted by a jury of twice engaging in insider trading. He abused positions of trust for illicit personal gain, and today he faced justice for those acts. No insider trader is above the law, and we will continue to bring those who undermine the fairness and integrity of our markets to justice,” U.S. Attorney Damian Williams said in a statement Tuesday.
According to Fox News, Buyer’s conviction arose from his purchase of stocks in Navigant, a management company that one of Buyer’s clients, Guidehouse, was set to purchase weeks later. He also purchased shares of Sprint after learning of the company’s non-public plans to merge with T-Mobile.
In addition to prison time, Buyer was ordered to forfeit the $354,027 he had gained with the trades in addition to a $10,000 fine.
Buyer, a lawyer and Persian Gulf War veteran, once chaired the House Veterans’ Affairs committee and was a House prosecutor at ex-President Bill Clinton’s 1998 impeachment trial.
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If a RINO who cares
Now do Pelosi and Feinstein (or Biden).
Pretty sure Nancy wont be indicted.
No insider trader is above the law?
And Nancy Pelosi helped U.S. Attorney Damian Williams pick the jury, no doubt.
Next, Pelosi, Schaffer, Hussein, etc..