Longest. Insider trading sentence. Ever.: A former attorney received a 12-year prison sentence for feeding privledged information in a stock trading scheme that netted him and two other men millions of dollars, The Associated Press reported. It is the longest sentence ever handed out for insider trading.
Chairing Ethics Panel: Former D.C. attorney general Robert J. Spagnoletti would become the chair of the city's government ethics board under a plan expected to be announced today by D.C. Mayor Vincent Gray, The Washington Post reported. The choice is expected to add credibility to the newly-formed watchdog board.
Holder Pondered Resignation: A book released today says Attorney General Eric Holder Jr. thought about quitting his post two years ago because of isolation in the Obama Administration, criticism in the media and his mother's death, The Washington Post writes.
Bounty Hunting: An arbitrator ruled that NFL Commissioner Roger Goodell has the authority to punish the New Orleans Saints and its players for a bounty system that gave cash rewards for injuries to specific players on the other team, the Associated Press reports.
Blago Prosecutor Leaves: The federal prosecutor who won corruption convictions that sent former Illinois Gov. Rod Blagojevich to prison announced he is leaving the U.S. attorney’s office to go into private practice, the Chicago Sun-Times reported. Reid Schar is joining the law firm Jenner & Block in Chicago next month as a partner in its white-collar criminal defense and investigations practice.
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