Ex-eBay Enterprise exec, a Delaware native, to serve time for insider trading

Chris Saridakis was sentenced to 15 months. He must turn himself in by Dec. 1.

Saridakis worked for eBay Enterprise, formerly GSI Commerce. (Photo by Flickr user Ryan Fanshaw, used under a Creative Commons license)

The former president of King of Prussia’s eBay Enterprise was sentenced to 15 months in prison. Chris Saridakis, 45, of Greenville, was sentenced in federal court Wednesday for insider trading.
Read the full story on Philly
According to our sister site, Saridakis tipped members of his family off in 2011 about the sale of GSI Commerce to eBay.
At the time, he was an executive at GSI Commerce. The $2.4 billion sale, Philly reports, was the biggest tech acquisition in the Philadelphia metro area in the last 15 years.
“I’m humiliated, I’m embarrassed, I’m ashamed,” Saridakis told the court.

Companies: eBay Enterprise

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