Aerospace Company Sale Informant Sentenced to One Year in Prison

A man who pleaded guilty to receiving and passing along tips about an aerospace part maker’s acquisition must serve one year and one day in prison, a federal court said in a judgment Monday.

Jonathan Whitesides is also subject to two years’ probation and a $100 assessment, the US District Court for the Southern District of New York said in the judgment, which followed a sentencing hearing Oct. 3. Whitesides consented in May to the forfeiture of $922,635 in proceeds traceable to his securities fraud offense.

Whitesides learned about the Kaman Corp. take-private deal from his friend Brent Cranmer, a ...