Former SAC Capital portfolio manager Michael Steinberg was sentenced to serve 42 months in prison Friday for insider trading at the hedge fund.
Southern District Judge Richard Sullivan (See Profile), going below the sentencing guideline range of 63 to 78 months, said the 2013 trial that ended in guilty verdicts on five counts “was not a referendum on the man or the quality of his life” but was about the criminal charges, and whether they were proven beyond a reasonable doubt.
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