Three jailed in transatlantic insider dealing case

Three people have been handed custodial sentences after pleading guilty to charges of insider dealing.

James Sanders, a director of specialist Contract for Difference (CFD) brokerage Blue Index, was sentenced today to four years in custody and disqualified as a director for five years. Meanwhile, his wife Miranda Sanders and co-director James Swallow were both sentenced to ten months in custody. The three had pleaded guilty earlier this year to a total of 18 charges based around insider dealing in US securities between October 2006 and February 2008. Their actions were contrary to section 52 of the Criminal Justice Act 1993 and, passing sentence, Mr. Justice Simon said they were "de...