Insider trader Cameron Waugh will spend at least nine months in jail after pleading guilty to charges that rocked his friends and elite business circles in the mining mecca of Western Australia.
Waugh wiped away tears on Tuesday as Justice Amanda Forrester handed down a two-year jail term with 15 months of the sentence suspended.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
