Sign in to comment!

Menu
Home

CRIME

Ex-Microsoft manager sentenced to 2 years for insider trading

A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader has been sentenced to two years in prison for insider trading.

The U.S. attorney's office in Seattle says the two men made $415,000 from three trades.

Federal court documents say Brian Jorgenson was a senior manager in Microsoft Corp.'s Treasury Group when he provided the information to his friend Sean Stokke. They were accused of trading on three corporate developments: two quarterly earnings reports, and Microsoft's 2012 investment in Barnes & Noble Inc.

Jorgenson told a federal court judge in Seattle on Friday that he tried to take a shortcut for his own financial gain.

His codefendant, Stokke, was sentenced last month to 18 months in prison.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.80% up 3.78%  
15 Y Fixed Graph 3.04% up 3.00%  
30 Y Fixed Jumbo Graph 4.11% up 4.05%  
5/1 ARM Graph 3.14% dw 3.16%  
5/1 Jumbo ARM Graph 3.19% dw 3.31%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% -- 4.60%  
$50K HELOC Graph 4.09% dw 4.10%  
$30K Loan Graph 4.91% -- 4.91%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.35% -- 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.73% dw 2.74%  
36 M Used Graph 3.21% dw 3.22%  
48 M New Graph 2.97% -- 2.97%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% -- 3.11%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% -- 0.71%  
5 yr Graph 1.48% -- 1.48%