On July 26, Former analyst John Afriyie was sentenced to 45 months in prison, three years supervised release, and $2,780,720.02 in forfeiture and restitution, having been convicted of insider trading  in January.  While working for Apollo Investment Management LLC, a private investment fund, Afriyie trading on nonpublic information pertaining to a possible acquisition by the fund of ADT Corporation, trading on the information in 28 separate transactions over a two-week period.  Afriyie earned $1.5 million in profits from the insider trading scheme.  Afriyie also was alleged to have lied to FBI agents about the transactions and told them his voice on a recorded call was in fact his mother’s voice.  U.S. v. Afriyie, No. 1:16-cr-00377 (S.D.N.Y.).

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