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Former Microsoft manager sentenced to two years in prison for insider trading

Discussion in 'Microsoft News' started by Rich McCormick, Aug 11, 2014.

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    Brian Jorgensen, a former senior manager at Microsoft, was sentenced to two years in prison last week for his role in an insider trading scheme reportedly worth more than $400,000. In 2012, Jorgensen — a corporate finance manager at the company — informed his friend Sean Stokke that Microsoft was set to invest $300 million into a strategic partnership with Barnes & Noble. Prosecutors say that the two men earned $184,000 from the illegal tip after the bookseller's stock jumped 50 percent.

    Stokke and Jorgensen had worked together at an asset management company before the latter took his job with Microsoft. According to Reuters, Stokke sent Jorgensen's share of the profits in envelopes, each containing $10,000 in cash. The Barnes & Noble...

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