Reporter Guilty in ‘Insider’ Case
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NEW YORK — A federal judge found former Wall Street Journal reporter R. Foster Winans guilty today of illegally using his position as “Heard on the Street” columnist at the paper in a get-rich-quick scheme involving insider trading.
U.S. District Judge Charles E. Stewart Jr., who presided over the non-jury trial of Winans and two co-defendants earlier this year, also convicted Winans’ longtime roommate, David Carpenter, and a former stockbroker, Kenneth P. Felis. The charge carries a prison sentence of up to five years.
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