Take note, insider-traders and those who might be accused of it in spite of their innocence: If you wear a wire and finger every single person you’ve ever known, you don’t have to go to jail.

Wesley Wang, the former SAC analyst who helped convict one former boss and is probably helping to build cases against his bosses at SAC and Trellus Management, will get to keep doing so from the comfort of his northern California home.

A former hedge fund consultant who cooperated with the government’s sprawling insider trading probe was sentenced to two years probation on Wednesday by a federal judge.

U.S. District Judge Jed Rakoff sentenced Wesley Wang in an afternoon proceeding during which the judge said, “the extent of Mr. Wang’s cooperation goes beyond that of most cooperators.”

SAC would not comment. Previously, the firm hasn’t been shy about tarring the not-insignificant number of alumni who’ve pleaded guilty to—or been found guilty of—insider trading. Is The Big Guy’s silence another disturbing sign of the kinder, gentler SAC? Or is he saving them for a private moment with ol’ Wes, perhaps when the latter is hanging upside-down over a large body of water with something heavy chained to his feet, to drop his own hint to Mathew Martoma?

Former SAC analyst who cooperated with probe gets probation [Reuters]
Former Hedge-Fund Consultant Avoids Prison Time After Aiding Insider Probe [WSJ]
Ex-SAC Analyst Gets Two Years’ Probation in Insider Case [Bloomberg]
Message to Mathew Martoma: SAC analyst Wesley Wang, who helped government with insider trading probe, gets only two years probation [N.Y. Post]

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Comments (13)

  1. Posted by Hobbes | January 10, 2013 at 2:41 PM

    Now that's what you call a career-limiting move.

  2. Posted by Goldman | January 10, 2013 at 2:42 PM

    That's why we never hire Wangs, only Joo's.

  3. Posted by Smell my finger | January 10, 2013 at 2:44 PM

    Fingering every person you've ever known is the NKI

  4. Posted by Confused Guest | January 10, 2013 at 3:03 PM

    Bess? Any relation?

  5. Posted by Guest | January 10, 2013 at 3:10 PM

    True, but I imagine it's easier to trade from bum-fuck Iowa than from a prison cell.
    Unless of course you're in the business of trading cigarettes. Or your body.

  6. Posted by Fire Jon Shazar | January 10, 2013 at 3:28 PM

    Can we mass import all the Wang jokes from the other thread?

  7. Posted by PIng | January 10, 2013 at 3:55 PM

    "The extent of Mr. Wang’s cooperation goes beyond that of most cooperators."

    Tell me more. Every detail, please.

  8. Posted by guest | January 10, 2013 at 4:23 PM

    did bess ghost write this for shazar so we'd like him? this is surprisingly adequate for a shazar post

  9. Posted by Nigel Tufnell | January 11, 2013 at 7:53 AM

    What a wangker.

    This much talent

  10. Posted by Donny | January 11, 2013 at 12:37 PM

    I see what you did there

  11. Posted by Donny | January 11, 2013 at 12:39 PM

    You're worfress mr wang.

  12. Posted by sohbet | May 12, 2013 at 6:25 PM

    telling these little stories, here's a good idea: Have a point. It makes it so much more interesting for the listener.

  13. Posted by sohbet | July 8, 2013 at 9:24 PM

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them