(Reuters) - Money from illegal trading is subject to forfeiture under
law, prosecutors said, but the amount Nacchio will have to pay
has not been determined.
Nacchio, 57, was convicted in April of 19 counts of insider
trading for grossing more than $52 million based on information
unknown to investors. He was found not guilty on 23 additional
counts.
Read more at Reuters.com Bonds News
law, prosecutors said, but the amount Nacchio will have to pay
has not been determined.
Nacchio, 57, was convicted in April of 19 counts of insider
trading for grossing more than $52 million based on information
unknown to investors. He was found not guilty on 23 additional
counts.
Read more at Reuters.com Bonds News
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