Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
EXPO 2015, August 23-26, New Orleans
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Nudist Vacations!

Kayden Kross at Twistys

June 29, 2001 02:32pm
Wall Street Exec Pleads Guilty
Source: AP

(NEW YORK, NY) -- A former top Wall Street executive admitted feeding stock tips to Porn Star Kathryn Gannon [aka Marilyn Star] Friday and was immediately sentenced to the five months he has already served in prison.

A smiling James McDermott Jr. left a Manhattan courtroom after apologizing to his family and telling a federal judge he intends to lead a clean life. He told reporters it was good to be free of ``that 800-pound gorilla.'' [?]

``I get the feeling you've got every motive in the world to keep your nose clean,'' Judge Richard Owen told him after agreeing to the minimal sentence on a charge that could have carried to a 10-year prison sentence.

The guilty plea came after the 2nd U.S. Circuit Court of Appeals tossed out McDermott's jury conviction.

McDermott, 50, of Briarcliff Manor, N.Y., said Friday he gave Porn Star Kathryn Gannon insider tips about stocks in 1997 while he was chief executive officer of Keefe Bruyette & Woods, a New York-based investment bank specializing in mergers and acquisitions in the banking industry.

Gannon, the star of X-rated movies such as ``Babe Watch 3'' and ``Coming of Age,'' was arrested last year at her Vancouver, British Columbia, residence and is free on $50,000 bail. She also has a home in Miami.



RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Amia Miley Brazzers Contract

Epoch Club Special Event

Shade X from Smash

BBW Con 2015

UKAP Awards Site Live

Nikki Phoenix Radio Update

Ideal Image Supperclub Party

MWA: 06/12/15

XBIZ 2016 Announced

The Interview XXX

Starfall to Exxxotica

Mercy West Available

Library Girl at Exxxotica

Karmen Karma Top Shelf

MWA: 06/08/15

Payton Sin Claire on SDR

Angela Sommers in Houston

Prinzzess at Treasure Chest

Danica Dillon in Bath

MWA: 05/24/15

MWA: 05/22/15

Sin Claire with Foxxx

Adult's Achilles Heel

AHF's Hidden Agenda

New Smash VP Wyatt Case

Ink Inks OC, The Rub

National Porn Star Day

Pistol, Ross Talk Condoms

XXX Casting Call

Direct Reps Harper

AJ Applegate Available

Emma Marx: Boundaries ~ Reviewer Rated

Strippers Ready for Baseball

MWA: 05/04/15

RAW Signs Sasha Bradshaw

Modern Comstockery

Nikki Phoenix Appearance

More
Stories From

Law & Politics

Adult's Achilles Heel

AHF's Hidden Agenda

Pistol, Ross Talk Condoms

Modern Comstockery

Hof on Phoenix Hooker Bust

Cal/OSHA vs Evil Angel

Pornstar Graduates Law School

AHF Against AB 999

CraigsErotica Letter to Senators

Amazon Crushes Small Business

Letter of Equality

ASACP Service Recognition Award

Suit Filed Challenging Measure B

ASACP Ready For Internext

Octomom Loses Civil Suit

ASACP at XBIZ 360

Crakmedia ASACP Corporate Sponsor

Mo Reese Statement

CAM4 Newest ASACP Sponsor

Mo Reese FSC Nom

Amber Lynn Seeks FSC Board

Suit Against Measure B

Law Puts Con in Condom

No on B: Here's Why

NO on B Campaign

NO on B Bus Tour

GFY: Vote No on B

Margold on Erection Election

Alex Chance in Documentary

Yahshua: No On B

No On 35 Rally

Why No On B

Measure B Threatens Freedom

Measure B Protest Video

No On B Raffle

Alia Janine: No On B

AHF Vilifies Porn

No on B Event

Alia Janine Against Measure B

Fight Measure B

Takedown Piracy Removes 10,000,000

John Stagliano Keynotes CatalystCon

Hirsch Blasts Trueman

Hirsch Cautions GOP

Vette Scores on AFF

Three Stooges Porn Controversy

Suing: Wasn't Sexy Enough

Lords of Acid Censored

Nate Glass on CNBC

Law & Politics Section Index

     
Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).