Levine’s Conduct Earns a Transfer to Work Program
Dennis B. Levine, the former investment banker whose squealings led to Wall Street’s biggest insider trading scandal, was freed from prison Tuesday and transferred to a work-furlough program.
Kenneth Treon, a counselor at the Lewisburg federal prison camp in Lewisburg, Pa., where Levine had been confined since April, 1987, said a relative of Levine’s picked him up Tuesday morning for the drive to New York, about 150 miles to the east.
“He had a clear conduct record,” Treon said. “He had no violations of institution rules or records. He did what he was told.”
Treon said Levine, midway through a two-year prison term, was released under a halfway-house program for inmates within six months of their parole date. He said the program “enables a man to enter back into society by assisting them with possible job opportunities.” He is eligible for parole in September.
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