Former senior manager of Federal Reserve Bank of Richmond pleads guilty to insider trading
RICHMOND, Va. (WRIC) -- A former senior manager of the Federal Reserve Bank of Richmond pleaded guilty Tuesday to committing insider trading and making false statements about his trading to his employer. Forty-three-year old Robert Brian Thompson of the Mosley area in Chesterfield and Powhatan counties, who worked as a bank examiner and senior manager for the Federal Reserve Bank of Richmond, plead guilty to one count of insider trading and one count of making false statements during his court appearance on Tuesday, Nov. 19. Based on evidence from court documents, Thompson carried out approximately 69 trades -- totaling to $771,678 in personal gains. According to the Department of Justice, he is scheduled to be sentenced on March 19, 2025, and could face a maximum penalty of up to 20 years in prison for the insider trading count and five years in prison for the false statement count. The department confirmed that a judge from the federal district court will determine the sentence, after consideration of the U.S. Sentencing Guidelines, as well as other statutory factors.
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RICHMOND, Va. (WRIC) -- A former senior manager of the Federal Reserve Bank of Richmond pleaded guilty Tuesday to committing insider trading and making false statements about his trading to his employer.
Forty-three-year old Robert Brian Thompson of the Mosley area in Chesterfield and Powhatan counties, who worked as a bank examiner and senior manager for the Federal Reserve Bank of Richmond, plead guilty to one count of insider trading and one count of making false statements during his court appearance on Tuesday, Nov. 19.
Based on evidence from court documents, Thompson carried out approximately 69 trades -- totaling to $771,678 in personal gains.
According to the Department of Justice, he is scheduled to be sentenced on March 19, 2025, and could face a maximum penalty of up to 20 years in prison for the insider trading count and five years in prison for the false statement count.
The department confirmed that a judge from the federal district court will determine the sentence, after consideration of the U.S. Sentencing Guidelines, as well as other statutory factors.
