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Ex-Carlyle Consultant Gets Probation for Insider Trading

Sherif Mityas gets three years probation for $25,871 in profits.

By Christie Smythe | Updated on August 10, 2012

Aug. 10 (Bloomberg) — Former A.T. Kearney Inc. partner Sherif Mityas was sentenced to three years of probation for trading on inside tips he learned while serving as a consultant to private-equity firm the Carlyle Group, according to a spokesman for federal prosecutors.

Mityas, who also previously served as president and chief executive officer for now-liquidated Movie Gallery Inc., was sentenced today at a hearing in Brooklyn, New York, federal court, according to Robert Nardoza, a spokesman for U.S. Attorney Loretta Lynch. He wasn’t ordered to pay any financial penalties, Nardoza said in an e-mail.

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