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NOV 19, 2013 - Yahoo! News

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Trader gets 30 months in prison for $1 billion Apple stock scheme

A former trader was sentenced to 2 1/2 years in prison on Tuesday for an unauthorized purchase of about $1 billion in Apple Inc stock that eventually led to the demise of financial services firm Rochdale Securities. David Miller, 41, was sentenced by U.S. District Judge Robert Chatigny in Hartford, Connecticut, seven months after pleading guilty to wire fraud and conspiracy. Prosecutors said Miller, of Rockville Centre, New York, conspired with another individual to buy 1.625 million Apple shares on October 25, 2012, the same day that the company planned to report third-quarter results, in ... Read More

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