(Bloomberg) Thomas P. Flanagan, a former Deloitte & Touche LLP partner, was given 21 months in prison for trading on insider information about the accounting firm’s clients, including Best Buy Co. and Walgreen Co.
Flanagan, who pleaded guilty to a single count of securities fraud in August, was also sentenced last Friday to one year of supervised release and fined $100,000 by U.S. District Judge Robert M. Dow in Chicago. Flanagan left Deloitte in 2008, ending an association with the New York-based firm and its predecessors that lasted more than three decades.
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