(Bloomberg) A one-time “King of Political Intelligence” got a year in prison for insider trading — a sentence that sends a warning to Washington consultants that profiting from government secrets can be as risky as trading on confidential company information. David Blaszczak, 42, a Washington consultant who was convicted of giving two hedge funds advance word on changes to Medicare reimbursement rates, was also ordered to forfeit $727,500 and to spend another 12 months under house arrest. A federal jury in May found that he provided the clients with tips he picked up from ex-colleagues still in the government.
‘King of Political Intelligence’ Sentenced to Prison for Insider Trading
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