NEW YORK (Reuters) - A former Morgan Stanley financial analyst and her husband, an ex-hedge fund analyst at ING, were sentenced to a year and half each on Tuesday for insider trading.
Jennifer Wang and Ruopian Chen, of Englishtown, New Jersey, were sentenced during a hearing in Manhattan before U.S. District Judge Colleen McMahon.
But in an unusual twist to the case, McMahon sentenced them such that Chen would finish his prison time before Wang is jailed. McMahon staggered the sentences as the couple have an infant son.
Tango’s Take “So she says, ‘Honey, we’re not doing enough time together.’ Get it? Get it? Zing.” At any rate, it feels like husband and wife teams are getting into each other’s dirty business more and more. The only other couple that we can specifically think of is Andy Fastow (of Enron infamy) and his wife. They’re each serving time because of his corporate malfeasance. We suppose that the Fifth (“there are so many amendments for me to choose from, but I take the fiiifth”) Amendment’s stipulation protecting spouses does not really help when both parties are complicit in a crime. It was mighty kind of the judge to stagger their sentences for the sake of their kid. We guess the couple that steals together stays together.
In a similar vein, the press, in their cleverness, dubbed a pair of Ivy League grads ‘the Bonnie and Clyde of identity theft.’ These dinguses, Jocelyn Kirsch and Edward Anderton, got keys to their neighbors’ mailboxes and homes and got credit cards and such in their names to fuel an extravagant lifestyle. We wonder if one of these two is going to narc the other one out. Or if they’re going to go down blazing like, um, Bonnie and Clyde. It IS a good nickname!