{"id":2039047,"date":"2023-09-20T16:30:01","date_gmt":"2023-09-20T20:30:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-house-republican-sentenced-to-22-months-in-prison-for-insider-trading\/"},"modified":"2023-09-20T16:32:48","modified_gmt":"2023-09-20T20:32:48","slug":"former-house-republican-sentenced-to-22-months-in-prison-for-insider-trading","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-house-republican-sentenced-to-22-months-in-prison-for-insider-trading\/","title":{"rendered":"Ex-GOP Congressman Gets 22-Month Prison Term for Insider Trading"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-house-republican-sentenced-to-22-months-in-prison-for-insider-trading%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2039047&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">(Photo by Mario \u200cTama\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James Meyers<\/a><br \/>1:19 PM\u200d \u2013 Wednesday, \u2064September 20, 2023<\/h2>\n<p>Former Republican legislator Stephen Buyer,\u200d who\u200d spent nearly two\u2063 decades in\u2062 Congress, has been handed a 22-year prison sentence for\u200c insider trading. This shocking development came\u2062 to\u2062 light on Tuesday.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Former US Congressman Stephen Buyer was sentenced to 22\u200c months \u2064in federal prison for insider training <\/p>\n<p>Buyer made more than $320,000 for himself, his relatives \u2064and a woman whom he\u2019d been having an\u200d affair with.<\/p>\n<p>He will \u2063pay $354,027 in restitution and a $10,000 fine. <a href=\"https:\/\/t.co\/MqFzk5huXv\">pic.twitter.com\/MqFzk5huXv<\/a><\/p>\n<p>\u2014 \u200cunusual_whales (@unusual_whales) <a href=\"https:\/\/twitter.com\/unusual_whales\/status\/1704249976103026942?ref_src=twsrc%5Etfw\">September 19, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Stephen Buyer, 64, is a former U.S.\u200c representative from\u00a0Indiana who\u200c served in his position from 1993 to 2011. He was convicted earlier this \u200cyear for operating off insider information after leaving office. <\/p>\n<p>Buyer was charged on four counts of securities fraud\u200b related to a \u2064pair of insider trading \u2063schemes\u2064 in 2018 and 2019. He \u2062was also ordered \u200bto forfeit the $354,027 he had\u200b gained from the trades in \u2063addition to a $10,000 fine. <\/p>\n<p>The conviction\u2064 came shortly after he purchased stocks\u200d in Navigant, which is a management \u2063company that \u2064one \u2062of Buyer\u2019s clients, Guidehouse,\u2063 was set to\u200d purchase weeks\u200d later. Later on, he purchased shares of Sprint\u200b after finding out about the \u200cphone company\u2019s future plans to\u2064 merge with T-Mobile. <\/p>\n<p>Additionally, the 22-month\u200b sentence was less than\u2062 the 36 month imprisonment requested by prosecutors. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cStephen \u200cBuyer was convicted by a jury of twice engaging in insider trading.\u00a0 He abused positions of trust for illicit personal gain, and today he faced justice for those \u2064acts.\u00a0 No insider trader is above the law, and \u2064we will continue to bring those who undermine the fairness \u200band integrity of our markets to justice,\u201d U.S. Attorney \u2064Damian Williams \u200bsaid in a statement Tuesday.<\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote\">\n<p>According \u200cto \u200cthe indictment, \u2062Buyer \u201cmisappropriated material non-public information\u201d that he learned as a consultant and used that information \u200cto \u201cplace timely, profitable\u2063 securities trades in brokerage accounts\u200d in his own name and the\u200c names of others.\u201d<\/p>\n<\/blockquote>\n<p>During the trial,\u200b U.S. District Judge Richard Berman accused Buyer \u200cof obstruction\u200d of justice for providing false explanations for\u200d his\u2062 trades\u2063 to the court. <\/p>\n<p>Buyer\u2019s\u2064 legal team pleaded \u2064and urged the judge\u2062 to \u2062sentence him to house\u2063 arrest and community service. <\/p>\n<p>The prosecution pleaded \u2062for Buyer to\u200b pay an additional $1.4 million to cover the cost of legal fees for both sides, but the judge declined the request. <\/p>\n<p>Stay informed! \u2062Receive breaking news blasts directly to your inbox \u200bfor free.\u200d Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Independent Journalist Jackson Gosnell \u2062weighs in on\u2062 this week\u2019s top headlines: The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/john-fetterman-adamant-on-dressing-like-a-slob-and-more\/\" title=\"John Fetterman Firm on Casual Attire and More...\">missing military fighter jet<\/a>, \u2062Senator John Fettermen\u2019s outfit choice, Asa Hutchinson\u2019s unfavourability in his\u2064 running for president. \u200c <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Biden addresses world \u200cleaders at the United Nation\u2019s \u200dGeneral Assembly aiming to elevate\u2064 his global agenda on the world \u2064stage. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dr. Dave\u200b Brat<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Eric Scheiner<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON\u200b (Reuters) -The\u200c European Commission launched\u200b an investigation on Wednesday into whether to\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sound-of-freedom-producer-eduardo-verastegui-running-for-president-of-mexico\/\" title=\"Eduardo Ver\u00e1stegui, 'Sound Of Freedom' producer, seeks Mexican presidency.\">impose\u200d punitive tariffs<\/a> to protect European \u200bUnion\u200c automakers\u200d against\u2026\u2063 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By John Revill ZURICH \u2063(Reuters) \u2013 ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering\u200b and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PARIS (Reuters) \u2013 French Europe Minister Laurence \u2063Boon\u2064 on Wednesday welcomed\u2063 an\u2063 anti-subsidy investigation \u200binto \u2063Chinese electric vehicles launched by the EU\u2026\u200b <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u2063 Mathieu Rosemain\u200d and \u2064Silvia Aloisi PARIS\u2064 (Reuters) \u2013\u2064 Apple said on Wednesday its iPhone 12 model was certified \u200cby multiple international\u2026 <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> \u200dHow\u2062 does \u2064insider trading undermine the integrity and fairness\u2063 of \u2064the financial markets?<\/h2>\n<p><span>  Ourt. The judge stated that \u2064Buyer&#8217;s\u2063 actions were \u200ca clear violation \u200cof the law and\u2062 a breach of trust. <\/p>\n<p>The \u2064case against\u200b Stephen Buyer highlights the importance of holding individuals accountable for insider trading. \u200bInsider trading is a serious offense that undermines the integrity \u200cand fairness of the financial \u2062markets. It gives certain individuals an unfair advantage over others and can result\u200d in significant financial\u200c gains at the expense of innocent investors.<\/p>\n<p>This case also serves \u2062as \u200ca reminder that no one is above the law. Regardless\u2063 of one&#8217;s position or status, engaging in illegal activities such as \u2063insider trading will have severe consequences. The conviction and sentencing of Stephen Buyer send a strong message that the\u200c justice system will not tolerate such behavior and will \u2064take decisive action to punish those involved.<\/p>\n<p>Insider trading is not only illegal, but it also erodes public trust in the financial system. When individuals in positions of \u2064power and influence abuse their positions for personal gain, it undermines the integrity of the entire system. It creates an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-times-transgender-athletes-dominated-womens-sports\/\" title=\"5 Times Transgender Athletes Dominated Women\u2019s Sports\">unfair playing field<\/a> where only a select few have access to \u200cprivileged information,\u2064 while the rest of \u2063the market operates\u200c on\u200c incomplete or inaccurate information.<\/p>\n<p>To combat insider trading, regulators and law enforcement agencies must remain vigilant and\u2064 proactive in detecting and prosecuting such offenses. It is crucial \u2064to have robust systems in place to monitor and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-house-republican-sentenced-to-22-months-in-prison-for-insider-trading\/\" title=\"Ex-GOP Congressman Gets 22-Month Prison Term for Insider Trading\">detect \u200csuspicious trading\u200d activities<\/a>, as well as to encourage individuals to come forward and report any unethical practices they may\u2062 witness.<\/p>\n<p>Furthermore, education and awareness play a key role in preventing insider \u2062trading. By promoting ethical behavior, transparency,\u200c and accountability, individuals can be better equipped to identify and report any suspicious activities. Companies and\u200b organizations should\u200b prioritize educating their employees\u200b about insider\u2063 trading laws and the severe consequences associated with it.<\/p>\n<p>In conclusion, the sentencing of\u200c former congressman Stephen\u200b Buyer for insider trading is a significant development in the fight against financial misconduct. It serves as a reminder that \u200bno one is above the law and that\u200d individuals who engage in illegal activities will face severe consequences. By cracking down\u2063 on insider trading, we can work towards creating a more equitable and\u2062 trustworthy financial system for all participants.<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former US Congressman Stephen Buyer, who served nearly 20 years in Congress, has been sentenced to 22 years in prison for insider trading. The sentence was handed down on Tuesday, marking a significant development in the case.<\/p>\n","protected":false},"author":2301,"featured_media":2039048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2039047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2039047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2039047"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2039047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2039048"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2039047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2039047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2039047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}