Ex-Lehman broker sentenced to probation in insider case

A former Lehman Brothers Holdings broker has been sentenced to probation after pleading guilty in May to criminal charges in an insider-trading scheme in which a co-worker shared information about pending mergers and other deals gleaned from the co-worker's wife, who then worked at communications firm Brunswick Group.

At a hearing Wednesday, US District Judge George Daniels in Manhattan sentenced Frederick Bowers to three years probation.

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