Skip to Content

Sentencing for former Indiana congressman postponed as prosecutors seek $1.4 million in restitution

KIFI

By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) — Federal prosecutors say a former Indiana congressman should pay nearly $1.4 million to cover the legal bills of companies forced to incur expenses when he was prosecuted on insider trading charges. But his lawyer says it’s an exorbitant amount to demand from a man already suffering financially. Federal Judge Richard M. Berman will be left to decide what Steve Buyer might be forced to forfeit or pay in restitution when he presides over a sentencing hearing on July 31. Buyer, a Republican, was convicted in March of making illegal stock trades while working as a consultant and lobbyist.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content