A former Amazon financial analyst has been sentenced to six months in prison and a $2,500 fine after admitting he tipped off a college friend to details about the company's upcoming first-quarter earnings report in spring 2015.
Brett D. Kennedy was sentenced Friday after pleading guilty to a federal insider trading charge in September.
Continue Reading Below
Prosecutors said his former fraternity brother at the University of Washington, Maziar Rezakhani, used the information to make $116,000 trading stock and paid Kennedy $10,000.
Kennedy gave up the $10,000 in a settlement with the Securities and Exchange Commission.
Kennedy had worked as a financial analyst at Amazon since 2013.
He apologized to the company for abusing its trust and to his parents for letting them down.