The six were found guilty earlier this week of using sensitive insider information stolen from the mailrooms at the London offices of UBS and JP Morgan Cazenove. Their bets on expected mergers involving media and oil companies produced gambling profits exceeding 730 million pounds ($1.1 billion) over a two-year period ending in mid-2008.
Sentencing the six men Friday at a south London court, Judge Jeffrey Pegden told them that a "meticulous and exhaustive" investigation by Britain's Financial Services Authority "revealed exactly how your cheating was perpetrated."
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