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Fortune

Chloe Taylor

Ex-Congressman sentenced to two years in jail for insider trading: ‘He abused positions of trust’

Stephen Buyer United States TMobile Sprint Richard M Berman Guidehouse Republican

The U.S. Capitol is shown June 5, 2003 in Washington, DC. (Credit: Stefan Zaklin—Getty Images)

Ex-Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he gained as a consultant to private companies including T-Mobile.

Last year, he was indicted for allegedly using inside information to buy $1.5 million in stocks. He was convicted in March of four counts of securities fraud for engaging in two insider trading schemes.

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