Former Swinging Salzberg Soldier Sentenced to 11 Months in Prison For Insider Trading
Former Salzberg Soldier and San Francisco housewife Annabel McClellan – who we know as the wife of former Deloitte tax partner Arnold McClellan – was sentenced in federal court yesterday to 11 months in prison for lying to a regulatory agency about slipping insider trading tips to her sister and brother-in-law. McClellan pleaded guilty in April to one count of obstructing and due administration of the law after she made false statements to SEC investigators in 2009.
U.S. District Judge William Alsup handed down the sentence. In her plea, McClellan admitted to eavesdropping on hubby’s conversations about corporate transactions and lying under oath to SEC investigators. Prosecutors guesstimate that McClellan’s naughty behavior defrauded British investors of about $3.05 million.
We are unclear at this time if Annabel will resume her business ventures – like the My Nookie app – upon her release from prison. She should certainly have some experience sistering up with strangers by that point, which can only help her swinger aspirations, unless her soon-to-be prison girlfriend insists on monogamy.
San Francisco housewife sentenced for obstructing insider trading probe [SJ Mercury News]