Ex-Bristol-Myers Squibb Company (BMY) Executive Gets One Year in Prison for Insider Trading
10/24/2013 6:41:15 AM
A former Bristol-Myers Squibb Co finance executive who pleaded guilty to insider trading was sentenced on Wednesday to one year and one day in prison, federal prosecutors said. Robert Ramnarine of East Brunswick, New Jersey, admitted in June to one count of securities fraud for trading in Amylin Pharmaceuticals Inc stock options before Bristol-Myers agreed to buy the biotechnology company in June 2012 for $5.3 billion. Prosecutors accused the 46-year-old Ramnarine of making $311,361 of illegal profit from options trading in Amylin and two other companies that Bristol-Myers sought to buy.
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