LOS ANGELES (AP) — A San Francisco man was sentenced Thursday to three months in federal prison for using insider information five years ago to profit off The Walt Disney Co.’s $4 billion purchase of Marvel Entertainment.
Toby G. Scammell was also ordered to pay more than $120,000 to brokers who sold him stock options, according to Assistant U.S. Attorney Stephen Cazares. Scammell also owes the Securities and Exchange Commission $801,000 in penalties and interest in a separate civil settlement.
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