NY insider trading cooperator gets year in prison

Published



NEW YORK (AP) — A notorious Florida investor who feigned cooperation with the government even as she initially told lies in one of the biggest insider trading investigations was sentenced to a year in prison Thursday by a judge who said that cooperators who lie must be punished, even if they eventually provide substantial assistance.

Roomy Khan, 54, of Fort Lauderdale, Fla., dabbed tears from her eyes during the sentencing proceeding in U.S. District Court in Manhattan, where Judge Jed Rakoff credited Khan with “huge cooperation” in a probe prosecutors have repeatedly touted as the biggest hedge fund insider trading investigation in history.

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