• 28 Apr 2011 at 2:17 PM

Ex-SAC Manager Donald Longueuil Has Pleaded Guilty, Figured Out What To Say When Asked About Securities Violations In Job Interviews

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A former hedge-fund manager at SAC Capital Advisors whose friend secretly taped him describing how he destroyed evidence of insider trading pleaded guilty Thursday. Donald Longueuil struggled to compose himself as he stood in court before U.S. District Judge Jed Rakoff and apologized for trading on inside information and discarding evidence. “I have learned a lot from my experience and I look forward to applying those lessons as I move forward with my life,” Mr. Longueuil said. [WSJ, earlier, earlier]

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    “…..I am very resilient in the face of adversity. Once, in prison, when I dropped the soap in the shower…..”

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    Posted by Anonymous | April 28, 2011 at 6:51 PM

    “…..I am very resilient in the face of adversity. Once, in prison, when I dropped the soap in the shower…..”

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    Posted by UBS Sucks Guy | April 28, 2011 at 6:55 PM

    At least the judge isn’t called Rocksoff.

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    Posted by UBS Sucks Guy | April 28, 2011 at 6:55 PM

    At least the judge isn’t called Rocksoff.

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    Posted by derp | April 28, 2011 at 6:56 PM

    Good luck buddy. Nobody remembers the legit years.

    B. Madoff

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    Posted by derp | April 28, 2011 at 6:56 PM

    Good luck buddy. Nobody remembers the legit years.

    B. Madoff

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    Posted by JR | April 28, 2011 at 6:58 PM

    Gonna be a Longueuil before he gets that chance to apply those lessons to his future life. Meantime, salad tossin’ time.

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    Gonna be a Longueuil before he gets that chance to apply those lessons to his future life. Meantime, salad tossin’ time.

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