Advertisement

Reporter Guilty in ‘Insider’ Case

Associated Press

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.


Advertisement