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The Independent UK

National

Ariana Baio

Former US congressman jailed for 22 months for insider trading

United States Richard Berman Indiana Sprint TMobile

AP

Steve Buyer, the former Republican representative for Indiana, was sentenced to 22 months in prison and ordered to forfeit more than $300,000 as well as pay a $10,000 fine for insider trading on Tuesday.

Buyer’s sentencing comes just six months after a federal jury found him guilty of four counts of securities fraud based on insider information of company mergers before they went public.

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