Matthew Kluger is a

disbarred Disbarment, also known as striking off, is the removal of a lawyer from a bar association or the practice of law, thus revoking their law license or admission to practice law. Disbarment is usually a punishment for unethical or criminal conduct ...

lawyer A lawyer is a person who practices law. The role of a lawyer varies greatly across different legal jurisdictions. A lawyer can be classified as an advocate, attorney, barrister, canon lawyer, civil law notary, counsel, counselor, solic ...

serving a 12-year sentence in federal prison for

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...

. The Bureau of Prisons Inmate Information website states that his expected release date is November 14, 2022. A graduate of the Hammonasset School,

Cornell University Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach an ...

, and NYU School of Law, Kluger is the son of

Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had made h ...

-winning writer Richard Kluger. Over 17 years, while a lawyer at the law firms

Cravath, Swaine & Moore Cravath, Swaine & Moore LLP (known as Cravath) is an American white-shoe law firm with its headquarters in New York City, and an additional office in London. The firm is known for its complex and high profile litigation and mergers & acquisitions ...

, Skadden, Arps, Slate, Meagher & Flom,

Fried, Frank, Harris, Shriver & Jacobson Fried, Frank, Harris, Shriver & Jacobson LLP (known as Fried Frank), is an international law firm headquartered in New York City. The firm also has offices in Washington, D.C., London, Frankfurt, and Brussels, and has more than 500 attorneys wor ...

, and Wilson Sonsini Goodrich & Rosati, he tipped the identity of planned corporate takeover targets, allowing confederates to reap millions in profits when the proposed takeovers were announced and the stock prices increased. His sentence, which was reportedly the longest ever imposed after a guilty plea for insider trading, was affirmed by the

U.S. Court of Appeals for the Third Circuit The United States Court of Appeals for the Third Circuit (in case citations, 3d Cir.) is a federal court with appellate jurisdiction over the district courts for the following districts: * District of Delaware * District of New Jersey * East ...

in 2013. He explained in detail the nature of his conduct in a video interview. In 2014, he gave an extensive interview with

Fortune Magazine ''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...

about the details of his life in prison. His conduct was featured on an episode of the

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

series

American Greed ''American Greed'' (also known as ''American Greed: Scams, Scoundrels and Scandals'' and as ''American Greed: Scams, Schemes and Broken Dreams'') is an American documentary television series on CNBC. The series focuses on cases of Ponzi schemes, ...

. A motion to vacate his sentence was denied in 2018.

Personal life

Kluger is gay and has three children with a former boyfriend. Kluger is Jewish. He is currently housed at RRM Pittsburgh (Residential Re-entry Management, i.e. a halfway house in the Pittsburgh area), Federal Bureau of Prisons inmate number 78142-083. His scheduled release date is November 14, 2022 when he will be 61 years of age.

References

{{DEFAULTSORT:Kluger, Matthew Living people American Jews Cornell University alumni Disbarred American lawyers New York University School of Law alumni Skadden, Arps, Slate, Meagher & Flom people Cravath, Swaine & Moore people People associated with Fried, Frank, Harris, Shriver & Jacobson Year of birth missing (living people)