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Tampa executive sentenced to house confinement in insider trading case

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.

PREVIOUS COVERAGE: Tampa lawyer gets 27 months in federal prison for insider trading

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.

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