Reporter Guilty in ‘Insider’ Case
Associated Press
NEW YORK —
A federal judge found former Wall Street Journal reporter R. Foster Winans guilty today of illegally using his position as “Heard on the Street” columnist at the paper in a get-rich-quick scheme involving insider trading.
U.S. District Judge Charles E. Stewart Jr., who presided over the non-jury trial of Winans and two co-defendants earlier this year, also convicted Winans’ longtime roommate, David Carpenter, and a former stockbroker, Kenneth P. Felis. The charge carries a prison sentence of up to five years.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.