‘Greedy’ Netflix engineer and his pal are sentenced to prison for insider trading scheme

AndronETalksNews
Daily Mail UK
By KEITH GRIFFITH FOR DAILYMAIL.COM
PUBLISHED: | UPDATED:
A former Netflix engineer and his pal have been sentenced to prison over an insider trading conspiracy in which they used secret information about the company’s subscriber numbers to profit from stock trades.
Sung Mo Jun, 49, of Bellevue, Washington, was sentenced to two years in prison on Friday for masterminding the complex and long-running scheme that continued even after he left the company.
His buddy Junwoo Chon, 50, was sentenced to 14 months in prison and a $10,000 fine for his role, after prosecutors said he coordinated with Jun to execute trades and paid the Netflix engineer kickbacks.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |