NJ.com – The chief investment officer and portfolio manager of a Summit-based hedge fund was sentenced yesterday to a year in prison for his role in an insider trading scheme that authorities say netted him more than $2.5 million in illegal profits.
James Turner, 45, was sentenced in Newark federal court after having previously pled guilty to a charge of securities fraud. He also was fined $25,000, said U.S. Attorney Paul Fishman.
