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Ex-Sanofi (France) (SAN.PA) Executive Gets 16 Months For Insider Trading


4/21/2014 8:09:38 AM

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A former Sanofi (SAN) executive who cooperated with prosecutors was sentenced to 16 months in prison by a judge who called him a leader of an insider-trading ring that made $1.4 million in profit off pharmaceutical and medical-technology company tips. Mark Cupo, 53, was sentenced yesterday in federal court in Newark, New Jersey, to a longer term than the two men he helped convict. Cupo pleaded guilty Oct. 7 after making secret recordings for authorities of the two primary traders in the ring, Lawrence Grum, 50, who was sentenced April 9 to a year and a day in prison, and Michael Castelli, 50, who got nine months.

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