(CN) - Former Ernst & Young partner James Gansman was sentenced to a year and a day in federal prison on Monday, for giving confidential information on mergers and acquisitions to an investment banker who made $230,000 by trading on it.
Gansman, 49, of New York, N.Y., passed the inside information to Donna Murdoch, prosecutors said. He pleaded guilty and testified at her trial. She will be sentenced on April 28.
Read the Top 8
Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.