Insider Trading Securities Fraud – Probation

In the case of  U.S.A. v. Ettu, Crim. No. 18-490 (E.D. Pa), where the defendant pled guilty to conspiracy to commit securities fraud by trading on insider information given to him by a tipster at Goldman Sachs, Ms. Lefeber successfully argued and received probation for her client.  Although the sentencing guidelines called for a sentence of imprisonment, Ms. Lefeber presented compelling evidence in mitigation and convinced the Court to grant a downward variance based upon important factors such as her client’s excellent employment record, military service and good family relationships.