"Ex-Microsoft manager charged with insider trading" by Gene Johnson | Associated Press, December 20, 2013
SEATTLE — Federal authorities filed criminal and civil charges Thursday against a former Microsoft manager, saying he fed inside information to a day trader who used it to clear $393,000 in illicit transactions.
Brian Jorgenson, 32, was a senior manager in Microsoft Corp.’s Treasury Group when he provided the information to his friend Sean Stokke, 28, according to documents filed in US District Court in Seattle.
They are accused of trading on three corporate developments: two recent quarterly earnings reports and Microsoft’s 2012 investment in Barnes & Noble Inc.
‘‘Brian’s approach to this is, he needs to make it right,’’ said Jorgenson’s lawyer, Angelo Calfo. ‘‘He made a really bad decision, and he’s prepared to take his medicine.’’
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The pair planned to use the proceeds to open their own biotech hedge fund, FBI agent Kathleen Moran wrote in the criminal complaint, which charges Jorgenson and Stokke with 35 counts of insider trading....
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