Andrew Berke of Apollo Beach has been sentenced to four months of house confinement and three years of supervised release in an insider trading scheme in which his co-defendant, Tampa lawyer Walter C. Little, will soon begin serving 27 months in federal prison.
In a New York courtroom Tuesday, Judge Katherine Polk Failla also fined Berke $10,000 and ordered him to forfeit $249,850. Prosecutors had asked the judge to go light on Berke, who pleaded guilty to conspiracy and securities charges, because he cooperated with the government. Berke, a shipping company executive, and Little were accused of reaping a total of almost $1 million in profits in 2015 and 2016 based on information Little illegally obtained about publicly traded companies represented by the law firm he then worked for, Foley & Lardner.
Little, 44, who has been suspended from practicing law and faces disbarment, must report to the federal Bureau of Prisons by June 29.