by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, April 28 – Alan Williams committed insider trading with foreknowledge of the trades of TIAA-CREF, now owned by Nuveen. He turned cooperator against Lawrence Billimek, who was sentenced to 70 months in prison.
On April 28, Williams was up for sentencing, armed with a 5K1.1 letter, before U.S. District Court for the Southern District of New York Judge Paul G. Gardephe. Inner City Press was there. Thread:
Judge Gardephe: They were equally culpable. Yes, he was prepared to cooperate. He has Parkinson's Disease. The US has filed a 5K letter. Probation recommends time served. But I cannot do that. I sentence you to one year in prison
Defense: Not a year and a day? Judge: No. Defense: He is sick. Judge: So, a medical facility and not a camp.
There's also forfeiture, including from accounts at JPMorgan Chase, and an Oregon property.
The case is USA v. Billimek, et al., 1:22-cr-675 (Gardephe)
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