IGBT
Lifer
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"This was a fitting, appropriately long sentence," Christie said. "Duronio acted out of misplaced vengeance and greed. He sought to do financial harm to a company and to profit from that, but he failed on both counts."
A message left for Duronio's lawyer, Christopher D. Adams, was not immediately returned.
A federal jury in July convicted Duronio on one count of securities fraud and one count of computer fraud, and acquitted him on two counts of mail fraud.
Prosecutors presented evidence that Duronio was angry with the company, where he had worked for nearly two years in Weehawken, because he expected an annual bonus of $50,000 but got $32,500.
Evidence showed Duronio ultimately lost $23,000 he invested in a stock market bet against UBS because the ploy failed to reduce the company's share price.
"This was a fitting, appropriately long sentence," Christie said. "Duronio acted out of misplaced vengeance and greed. He sought to do financial harm to a company and to profit from that, but he failed on both counts."
A message left for Duronio's lawyer, Christopher D. Adams, was not immediately returned.
A federal jury in July convicted Duronio on one count of securities fraud and one count of computer fraud, and acquitted him on two counts of mail fraud.
Prosecutors presented evidence that Duronio was angry with the company, where he had worked for nearly two years in Weehawken, because he expected an annual bonus of $50,000 but got $32,500.
Evidence showed Duronio ultimately lost $23,000 he invested in a stock market bet against UBS because the ploy failed to reduce the company's share price.
