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U.S. District Judge Dale S. Fischer said Mark A. Loman, 60, of Hermosa Beach, was motivated by greed when he ``betrayed his employer and the market.'' Along with the 35-month prison sentence, the judge ordered Loman to pay a $600,000 fine.
A former executive at a Hawthorne-based company was sentenced to nearly three years in federal prison today for insider trading, with prosecutors saying he misused confidential company information and illegally purchased shares of a firm his employer planned to acquire.
A former executive at a Hawthorne-based company was sentenced to nearly three years in federal prison today for insider trading, with prosecutors saying he misused confidential company information and illegally purchased shares of a firm his employer planned to acquire.
The office of the U.S. Attorney for Central District of California issued the following news release on Nov. 29, 2021:. Mark A. Loman, 60, of Hermosa Beach, was sentenced by United States District Judge Dale S. Fischer, who said Loman had "betrayed his employer and the market" and had been motivated by greed. Judge Fisher also ordered Loman to pay a $600,000 fine.