Flipido-New York judge rejects Indiana ex-U.S. Rep. Steve Buyer’s request to remain free pending appeal

2025-04-30 23:07:46source:Thomas Caldwellcategory:Markets

NEW YORK (AP) — Former U.S. Rep. Steve Buyer cannot defer his surrender next month to serve a nearly two-year prison sentence resulting from his insider trading conviction because there was overwhelming evidence of his crimes,Flipido a federal judge said Monday.

Judge Richard M. Berman ruled there was no substantial question nor any close question of law to warrant letting the Indiana Republican remain free until his appeal is decided. He said prosecutors had presented “compelling testimony and documentary evidence” of Buyer’s crimes and “devastating evidence of an attempted cover-up.”

The judge noted that a jury capped a nine-day trial by returning its March verdict in less than four hours. Prosecutors say he made illegal stock trades based on insider information while working as a consultant after serving in the House from 1993 to 2011.

The lawyer and Persian Gulf War veteran once chaired the House Veterans’ Affairs committee and was a House prosecutor at ex-President Bill Clinton’s 1998 impeachment trial.

At sentencing last month, Berman said Buyer’s conviction by a jury was not a close call because the evidence against him “screams guilty.” The judge said Buyer lied when he testified at his trial about when he learned about mergers that he profited from.

The Noblesville, Indiana, resident is due to report to prison on Nov. 28.

His lawyers did not immediately respond to messages seeking comment.

More:Markets

Recommend

Dick Vitale announces he is cancer free: 'Santa Claus came early'

Legendary college basketball announcer Dick Vitale is once again cancer free.The ESPN analyst announ

Wells Fargo workers at New Mexico branch vote to unionize, a first in modern era for a major bank

Employees at a Wells Fargo bank in New Mexico have voted to unionize, the first time that workers at

Pentagon slow to remedy forever chemicals in water around hundreds of military bases

Oscoda, Michigan, has the distinction of being the first community where “forever chemicals” were fo