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Ex-Morgan Stanley Adviser Avoids Prison Over Theft of Data

Posted on December 22, 2015 by Dissent

Chris Dolmetsch reports the latest on Galen Marsh’s case:

A fired Morgan Stanley financial adviser who downloaded client information to a home server to give his job search a boost was sentenced to three years’ probation for accessing the bank’s computer network without permission.

Galen Marsh,  who prosecutors say called the stolen data “the world’s best cold-calling list,” had some of the data stolen from him and posted on the Internet.

Marsh took the information to advance his career and had no intention of selling it, his lawyer Robert Gottlieb told U.S. District Judge Kevin Duffy at a hearing Tuesday. The lawyer begged the judge not to send his client to prison, saying Marsh has rediscovered his faith, is volunteering at a soup kitchen and working as a consultant to a startup software company.

Read more on Bloomberg.

Related posts:

  • Former Morgan Stanley adviser pleads guilty to stealing clients’ information
  • Morgan Stanley Fined Over Inadequate Security Tied to Galen Marsh Data Breach
  • States settle with Morgan Stanley for $6.5 million over data security incidents
  • Morgan Stanley Fires Employee Accused of Stealing Client Data
Category: Financial SectorInsiderU.S.

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