Criminal Justice
Lawyer Sentenced to Prison for Losing $2M in Client Money in Day Trading
A California lawyer has been sentenced to 1½ years in prison for losing more than $2 million of his clients’ money in day trading.
Sandeep Baweja, 40, apologized during his sentencing hearing on Wednesday, the Associated Press reports. He pleaded guilty in January to wire fraud and obstruction of justice, and could have been sentenced to as much as 30 years in prison.
The money was part of a class action settlement that was to be paid to employees of ZipRealty Inc.
Baweja was active in political and professional activities and served as field coordinator for the 2000 Al Gore campaign in Seattle.
