Former Nuveen trader behind $47M insider scheme seeks leniency
Defense attorneys for the disgraced trader argue his criminal behavior was spurred by trauma and phobia about financial insecurity.
A former Nuveen trader asked a federal judge not to impose a harsh sentence on him for front-running the firm’s trades as part of a scheme that generated more than $47 million in illegal profits.
Lawrence Billimek, who will be sentenced on May 20, faces as many as seven years in prison under fe
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