Sunday, February 6, 2011

In Britain, has been a 40-month prison sentence financier, trading in insider

Christian Littlewood, his wife Angie and her friend Helmi Saaid were convicted in Britain for the sale of insider information for a total of 2.15 million pounds, says The Independent.



Littlewood - former financier, Dresdner Kleinwort Wasserstein and Shore Capital. He received a "record" a term for this kind of offense - 40 months in prison. Angie was 12 months, but the court found it inappropriate to separate her and the children, so that this period is suspended. Saaid was sentenced to two years in prison, as he has to pay 640,000 pounds.


Littlewood were arrested in March of 2009, and pleaded admitted in October 2010. Saaida in March 2010, was extradited from the island of Mayotte, his guilt, he acknowledged recently.

The British financial regulator FSA believes that the trio was involved in 51 cases of fraud.

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