WASHINGTON, June 24 -- The U.S. Department of Justice's Criminal Division issued the following news release:
Two individuals were sentenced yesterday for their participation in a scheme to trade securities based on material nonpublic information about the $3.2 billion merger of two companies, which resulted in illicit profits of over $600,000. Two other individuals were previously sentenced in connection with this scheme on May 4. Specifically, Rouzbeh Ross Haghighat was sentenced to 40 months in prison, Kirstyn Pearl was sentenced to six months in prison, Seyedfarbod "Fabio" Sabzevari was sentenced to 14 months in prison, and James Roberge was sentenced to two months in prison.
"Rouzbeh Ross Haghighat abused his position as a board membe...