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Former Credit Suisse banker gets 10-year sentence
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Posted on
Jun 02 2008 3:54 AM
by
adeal
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A former Credit Suisse investment banker convicted of insider trading was sentenced to 10 years in prison Friday by a judge who said Wall Street professionals were failing to understand that it was a serious crime to cheat in the markets. "It's going on too much and people have to realize that if they do get caught, they're going to pay," U.S. District Judge Robert P. Patterson said as he sentenced Hafiz Muhammad Zubair Naseem for feeding tips to a banker in Pakistan who made $7.8 million in illegal profits.
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