A former hedge fund manager who also worked as a pastor was sentenced on Thursda...
NEW YORK - A former hedge fund manager who also worked as a pastor was sentenced on Thursday to five years in prison after being convicted of insider trading on non-public corporate press releases stolen by computer hackers.
The judge also fined Korchevsky $250,000 and ordered the Glen Mills, Pennsylvania, resident, who was born in Kazakhstan, to forfeit $14.4 million. Vladislav Khalupsky, a securities broker, was also convicted at Korchevsky’s trial on the same charges. He was sentenced on Jan. 11 to four years in prison.
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