Ex-Carter's Executives, NY Fund Manager Get Prison For Insider Trading

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Ex-Carter's Executives, NY Fund Manager Get Prison For Insider Trading

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Ex-Carter's Executives, NY Fund Manager Get Prison For Insider Trading

by Wochit 0:47 mins

Ex-Carter's Executives, NY Fund Manager Get Prison For Insider Trading

by Wochit 0:47 mins

Two former executives at Carter's Inc and a New York hedge fund manager received prison sentences on Tuesday for engaging in an insider trading conspiracy involving the children's clothing company's stock. Eric Martin, a former vice president of investor relations at Carter's, was sentenced to two years in prison by a federal judge in Atlanta after pleading guilty in 2012 to conspiracy to commit securities fraud and wire fraud. Richard Posey, a former vice president of operations at Carter's who prosecutors said provided illegal tips to Martin after Martin left the company, was sentenced by U.S.

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