A former portfolio manager who became a key cooperator in a broad U.S. government crackdown on insider trading avoided prison on Friday at her sentencing in New York federal court. Reema Shah, 42, provided "prompt, substantial and truthful" evidence to government investigators, U.S. District Judge John Koeltl said in imposing two years of probation and a $500,000 fine. Assistant U.S. Attorney Benjamin Naftalis said Shah offered "remarkable cooperation" that helped lead to the convictions of several individuals and entities, including SAC Capital Advisors, the hedge fund founded by billionaire Steven A. Cohen that pleaded guilty last year to fraud charges. Her cooperation included secretly recording more than 700 phone calls and wearing a wire while meeting with suspects in a wide-ranging insider trading probe overseen by the FBI and Manhattan U.S. Attorney Preet Bharara, prosecutors said. Shah worked at J&W Seligman & Co, which Ameriprise Financial Inc acquired in 2008. Prosecutors
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