Former Fred Alger Management Vice Chairman James Connelly was sentenced to one to three years in prison yesterday by the New York Supreme Court for tampering market-timing evidence.

Connelly, who paid $400,000 to the SEC in October to settle allegations, asked employees to destroy e-mails documenting how the firm allowed hedge fund Veras Investment Partners LLP to market time its funds. He also then coached employees on how to answer regulators’ questions in depositions, ruled New York Supreme Court Judge James Yates.

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