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Ex-SAC Trader Gets Court Permission for African Honeymoon

Donald Longueuil, a former employee of the hedge fund SAC Capital Advisors, has big for plans when he gets out of prison.

In a letter made public on Tuesday in Federal District Court for the Southern District of New York, Mr. Longueuil, a former New Yorker, said that on his release this December, he was relocating to Florida, getting married in January and taking a three-week honeymoon to Africa.

“Without a doubt, the highlight of my arriving in Florida will be celebrating our wedding on January 25, 2014,” Mr. Longueuil wrote. “I am writing to request permission to take my wife on a honeymoon to the Seychelles and Tanzania from January 27th - February 18th, 2014.”

Although Mr. Longueuil’s prison sentence will be over by then, he will be on supervised released under the jurisdiction of the Florida probation office.

In the letter to Judge Jed S. Rakoff, Mr. Longueuil said he had been an exemplary prisoner, explaining that he had been a leader on the grounds crew and in the Christian community.

“I am a changed person because of this experience,” Mr. Longueuil said, “and I am eager to embark on my new life.”

Judge Rakoff, who presided over Mr. Longueuil’s case, approved the request.

Mr. Longueuil is one of the four former SAC employees who pleaded guilty to insider trading while at the firm, but is the only one in prison, serving two and a half years in a facility in Otisville, N.Y. Mr. Longueuil’s case was among the more colorful to emerge from the long-running insider trading investigation of SAC.

A former competitive speed skater, Mr. Longueuil joined SAC and worked closely with Noah Freeman, a longtime friend. Mr. Longueuil served as the best man at Mr. Freeman’s 2009 wedding, and Mr. Freeman was planning to be a groomsman in Mr. Longueuil’s wedding in February 2011 to P. Mackenzie Mudgett, a former rower at Princeton University.

But Mr. Longueuil’s wedding never happened. Nineteen days before his nuptials, federal agents charged him, Mr. Freeman, and two others with trading on secret information about technology companies that he obtained from so-called expert-network firms that connected him to inside sources at the companies.

Unbeknown to Mr. Longueuil, Mr. Freeman was a government informant. Mr. Freeman secretly recorded his friend describing a brazen coverup that involved Mr. Longueuil destroying computer hard drives with pliers and dumping them into random garbage trucks in Manhattan in the middle of the night. Mr. Longueuil was also charged with obstruction of justice, but that count was dropped as part of his plea deal.

SAC, which had fired Mr. Longueuil in 2010 for poor performance, denounced his conduct. Mr. Freeman pleaded guilty but has yet to be sentenced.

Longueuil Letter