Hedge fund trader: No probation, I'll risk prison

``A defendant in the U.S. government's broad hedge fund insider-trading case is so sure of his innocence that he turned down probation and is prepared to risk a trial that could put him in prison for 45 years. A lawyers for former trader Michael Kimelman, who faces a trial starting May 16 in New York, said prosecutors as recently as last week offered his client a chance to plead guilty to conspiracy to commit securities... Twenty-one of 26 defendants charged in the original hedge fund insider trading probe, unveiled in October 2009, have pleaded guilty.''