Inside Trader Handed Three-Month Sentence

NEW YORK — A man who pleaded guilty to insider trading related to the 2006 sale of Albertsons was sentenced to three months in prison Friday, according to reports.

Michael Koulouroudis, 60, admitted in November to illegally profiting on tips he received from an investment advisor about the sale of Albertsons before the news became public. In addition to the prison sentence, he was fined $100,000 and ordered to repay the $198,174 in profits he made from the stock trades.

Koulououdis, who runs an import-export business here, was not affiliated with Albertsons or Supervalu, the company that acquired most of Albertsons' assets.