On January 11, 2017, Steven McClatchey, a director at an investment bank in Manhattan, was sentenced to five months in prison in connection with an insider trading scheme.  According to the Complaint, Information and statements made in court proceedings, McClatchey learned about impending mergers and acquisitions as part of his employment with the investment bank, which advised companies involved in those deals.  From February 2014 to September 2015, McClatchey provided tips in advance of more than 10 separate mergers and acquisitions to Gary Pusey, so that Pusey could use that information to trade.  Among the benefits that McClatchey received from Pusey in connection with this scheme were thousands of dollars in cash payments, as well as home renovation services.  McClatchey was also sentenced to two years of supervised release and ordered to forfeit $76,000 and pay a $10,000 fine.  United States v. Pusey, No. 16-CR-369 (S.D.N.Y.). DOJ Press Release

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