Ex-Morgan Stanley Adviser Avoids Prison Over Theft of Data

Chris Dolmetsch reports the latest on Galen Marsh’s case:

A fired Morgan Stanley financial adviser who downloaded client information to a home server to give his job search a boost was sentenced to three years’ probation for accessing the bank’s computer network without permission.

Galen Marsh,  who prosecutors say called the stolen data “the world’s best cold-calling list,” had some of the data stolen from him and posted on the Internet.

Marsh took the information to advance his career and had no intention of selling it, his lawyer Robert Gottlieb told U.S. District Judge Kevin Duffy at a hearing Tuesday. The lawyer begged the judge not to send his client to prison, saying Marsh has rediscovered his faith, is volunteering at a soup kitchen and working as a consultant to a startup software company.

Read more on Bloomberg.

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