Levine’s Conduct Earns a Transfer to Work Program
- Share via
NEW YORK — Dennis B. Levine, the former investment banker whose squealings led to Wall Street’s biggest insider trading scandal, was freed from prison Tuesday and transferred to a work-furlough program.
Kenneth Treon, a counselor at the Lewisburg federal prison camp in Lewisburg, Pa., where Levine had been confined since April, 1987, said a relative of Levine’s picked him up Tuesday morning for the drive to New York, about 150 miles to the east.
“He had a clear conduct record,” Treon said. “He had no violations of institution rules or records. He did what he was told.”
Treon said Levine, midway through a two-year prison term, was released under a halfway-house program for inmates within six months of their parole date. He said the program “enables a man to enter back into society by assisting them with possible job opportunities.” He is eligible for parole in September.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
