You might recall late last year that Howard Stern's former accountant, Gary Herwitz, was busted for inside trading of SIRIUS stock. Well, yesterday a federal judge sentenced him to two years probation and a $20,000 fine (and a complete a mental health treatment program).
Herwitz, who faced up to 16 months behind bars, bought 25,000 shares of SIRI in September 2004 prior to Howard's announcement to move to satellite radio.
"No purpose would be served in sentencing the defendant to a period of incarceration," the judge said, citing undisclosed family issues.
[NY Post]
Gee, all I wanted to do was wish everyone a happy Jimmy day.
Who saw this comming...