JANUARY 21, 2011, 7:45 A.M. ET

http://online.wsj.com/article/BT-CO-20110121-705630.html

LONDON (Dow Jones)--Neil Rollins, a former senior manager of PM Onboard Ltd., a waste industry firm, was Friday sentenced to 27 months in prison for insider dealing and money laundering and was ordered to pay GBP197,000.66 in confiscation.

MAIN FACTS:

-Rollins was found guilty of five counts of insider dealing and four counts of money laundering after he traded on the basis of information he obtained as a result of his senior position and laundered the proceeds.

-Based on his knowledge of the company's worsening financial position he sold his entire shareholding in PM Group PLC and encouraged his wife to do the same.

-When Rollins became aware of the Financial Services Authority's interest in his dealing he laundered the proceeds to try to hide his conduct.