In Manhattan the United States district judge jie DE la cove implemented here, this is less than half of the 4-1/4 to 5-1/4 years, federal prosecutors hope.
Whitman, Whitman in Menlo Park Capital LLC, he was the founder of securities fraud and conspiracy in August, he participated in insider trading plan between 2006 and 2009.
Prosecutors say a plan lead to illegal profit more than $900000 in Google company and video conference company treasure LiTong company's shares
And they said, the other to participate in "soft dollars" for prompt payment, and then in chip manufacturers Marvell technology group co., LTD
Pull test husband said, he believes, Whitman "multiple forswear yourself" position, is "intentional, blatant know, he was trading inside information every step of the way."
But he also pointed out that the defendant's good character evidence, including his help learning disabled children, punishment.
In the study of his punishment, Whitman, 55, choked up, he read a prepared statement, mentioned his twenty years of marriage shortly after the collapse of the meal, he was accused of Arthur, California, residents.
"This is my life the most pain and shame experience," Whitman said. "My father taught me don't jerry, I think, for my life and my job... I try and my belief have served as a rude and painful keep watch."
Whitman was fined $250000 and was sentenced to a year of supervision and release. He is expected to bail to appeal. Federal prosecutors Chris son said, the government will seek a confiscate the illegal profit of $935306.
"Doug Whitman maintain their innocence, and look forward to defend the appeal, his lawyer David Anderson said in a statement."
Whitman for one of the biggest prison, a period of six months.
In addition to his lawyer, David roddy told la cove a long sentence not necessary deterrent, and Sue "relatively small players", such as Whitman, enough to convince others in the hedge fund industry, "no one security."
In the New York federal prosecutors puri, LABS and has obtained more than sixty plea and judgment, because in the end of 2009 public revealed his insider trading investigation.
Much the personage inside course of
Prosecutors say, Whitman tried to make such as internal capacious and sweat, before Intel company employees through the Google and Polycom tips, and Carl Motey through about Marvell tips, consultants help, illegal profit.
Witness is to Whitman: Wesley king, had in Steven Cohen of SAC capital consultant LP former Whitman capital employees.
, sweat, and the king Motey plea insider trading related crime. They have receive lighter, hope and investigators cooperation.
As in many other recent insider trading puts forward prosecution, the government Whitman evidence the FBI secretly record telephone conversation.
Sweat is the government's prosecution sailing group co., LTD., the founder of the hedge funds and jia la's south (Raj Rajaratnam), a former billionaire as now 11 years in prison insider trading core character.
The king, and at the same time, gives up to twenty people may involve insider trading of government information, prosecutors said. Deepak patel in his name before the SAC portfolio manager.
, pull cove often to smaller sentences than sentence guidance advice, ignore the 10-12 months suggestion extend Whitman's perjury sentence.
The judge said, this regulation can "relax" for themselves the defendant under oath, is "the obstacles the innocent position to remove their names."
In October, pull cove sentenced to two years in prison for former Goldman sachs group director pull, pull gupta detonate provoke le south - far less than eight to ten years of sentencing range, prosecutors hope. Gupta is his appeal against the decision.
Other News:
Whitman Capital founder gets two years for insider trades
Junior party quits Slovenian ruling coalition, election looms
Senate leaders reach deal aimed at easing gridlock
Delta in talks with Airbus, Boeing to buy jets: Bloomberg
S&P rises for seventh day but 1,500 too steep a climb
AP:Union Pacific railroad's 4Q profit rises 7 percent
China HSBC flash PMI hits two-year high in January
Japan logs record trade gap in 2012 as exports struggle