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Ex-Broker Gets 18 Months in Muni-Bond Bid-Rigging Case

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Adrian Scott-Jones, a former broker for Tradition NA, was sentenced to 18 months in prison for his role in a municipal bond bid-rigging case, Bloomberg News reported yesterday. Scott-Jones pleaded guilty to conspiracy and wire fraud in 2010, agreeing to cooperate with a U.S. investigation of auction-fixing in the market for investments bought by states and local governments. He was sentenced yesterday by U.S. District Judge Harold Baer Jr., the U.S. Justice Department said in a statement. Scott-Jones pleaded guilty to conspiring with former executives of General Electric Co. from as early as 1999 to 2006, the Justice Department said in the statement.

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