SEATTLE (AP) — A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader was sentenced Friday to two years in prison for insider trading.
The U.S. attorney's office says the two men made $415,000 from three trades.
Brian Jorgenson, 32, was a senior manager in Microsoft Corp.'s Treasury Group when he provided the information to his friend Sean Stokke, 28, of Seattle, according to documents filed in U.S. District Court. They were accused of trading on three corporate developments: two quarterly earnings reports and Microsoft's 2012 investment in Barnes & Noble Inc.
"I cheated," Jorgenson told the court Friday. "I tried to take a shortcut for my own financial gain ... I persuaded myself it was a gray area, when it clearly was black and white."
Jorgenson's codefendant, Stokke, was sentenced last month to 18 months in prison.
"Western Washington abounds in publicly traded companies with thousands of insiders who have daily access to market-moving information," U.S. Attorney Jenny Durkan said. "The sentence in this case should serve as a warning to others who might be tempted to engage in this conduct."
Continue reading this story on the...