The British journalist who was sentenced to six months in prison for insider trading plans to appeal his conviction, according to this wire report.
The Associated Press reported, “James Hipwell was accused of manipulating the market by purchasing shares, promoting them in the Daily Mirror’s “City Slickers” column, then selling them and reaping the profits. He was found guilty in December and is also appealing the conviction.
“Before deciding on Hipwell’s sentence, Judge Jack Beatson waited for medical reports after learning about the journalist’s serious kidney problems.
“A transplant Hipwell had seven years ago is ‘deteriorating,’ the judge heard, and he will likely need dialysis and another transplant within three years. His life expectancy has likely been reduced by half, his lawyer said.”
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