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Sudikoff Gets One-Year Sentence.

Publication: Los Angeles Business Journal
Date: Monday, December 13 1999

Former Los Angeles Kings owner Jeffrey P. Sudikoff was sentenced to a year in prison and fined $3 million for illegal insider trading in connection with his now-defunct communications firm.

The 44-year-old businessman pleaded guilty earlier this year, settling federal charges surrounding

his unloading of stock in the former 1DB Communications Group of Culver City.

Sudikoff started IDB Communications in 1984 with a $15,000 bank loan that he used to acquire a satellite uplink station. The company grew into a major global satellite network, providing telephone, TV and radio transmission services to clients ranging from the White House to MTV.

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