Senior executives jailed for stress relief

Beijing time September 17 morning news, according to foreign media reports, IBM's former senior vice President Robert Moffat (Robert Moffat) was jailed for 6 months on suspicion of insider trading. Moffat to attend his son's university graduation ceremony next May and offered to serve 8 months in advance. Moffat to a federal judge in New York, and would like to spend Thanksgiving and Christmas in prison this year.

Moffat lawyer Kelly Lawrence (Kerry Lawrence) September 14 to the Manhattan District Court Judge Depolla Baite (Deborah batts): "Mr. Moffat and his family discussed this issue, and they shared the view that The pressure to postpone the sentence is far greater than the regret of not spending the holidays. "According to today's summary of court rulings, Beit has agreed to Moffat's request.

Moffat, 54, recently admitted leaking internal information to Daniel Chessi, a former adviser to the Newcastle hedge fund (New Castle target LLC), Danielle Chiesi. Beit initially asked Moffat to go to prison since June 30, 2011, so that he could attend his son's graduation ceremony. Moffat hopes to serve his sentence from November 5 this year and will be out of jail by next May 5. It is possible to get out earlier if you can secure early release.

"For my son's commencement."

In his letter to the court, Lawrence said: "The Moffat believe that if Mr Moffat can finish his sentence as soon as possible, it will be good for the whole family to go home before his son finishes school." ”

Moffat confessed to participate in securities fraud, and from August 2008 to October, IBM, Lenovo and AMD and other companies in the internal information provided to CSX. Moffat said he was "intimate" with the 44-year-old CSX, who had been arrested with Galleon, a hedge fund giant Rajaratnam (Raj Rajaratnam). Moffat lawyers believe CSX manipulated the client to steal useful information.

In addition, Beit also sentenced Moffat to pay a fine of 50,000 dollars after prison. Moffat said Moffat did not get any financial benefit from the case.

The case involved a total of 12 accused, of whom 9 had yet to be executed.