Day Trader Plea Deal
Ian G. Bell pleads guilty in hopes of reducing prison time
A quick update on the Spoiled Rotten Day Trader whose pocket-lining antics we reviewed after he was indicted in December.
Ian Gregory Bell, 35, pleaded guilty today two of the 18 federal charges filed against him as part of a plea agreement (attached below).
In return, prosecutors have agreed to recommend the low-end of whatever prison time he faces when he is sentenced on Aug. 1. He remains free on bond.
Considering the facts of this case, it looks like the Colorado day trader got some pretty good lawyering from one of Denver’s most notable white-collar defense attorneys, Harvey Steinberg.
They say don’t do the crime if you can’t do the time – but really, it’s don’t do the crime if you can’t afford the lawyers.
Bell has an interesting background, including a mother who runs in upper-crust Denver social circles and a CEO grandfather who was sentenced to a year in prison in 1976 after being convicted on fraud and conspiracy charges. (Click here to read more on Bell.)
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