Ex-Morgan Stanley exec gets prison time in bribery case

NEW YORK Thu Aug 16, 2012 5:21pm EDT

NEW YORK Aug 16 (Reuters) - A former Morgan Stanley real estate dealmaker was sentenced to nine months in prison on Thursday for skirting the bank's internal controls in an effort to enrich himself and a Chinese government official.

Garth Peterson, 43, pleaded guilty in April to conspiring to evade internal accounting controls that Morgan Stanley was required to maintain under the U.S. Foreign Corrupt Practices Act, an anti-bribery law.

Morgan Stanley was not charged in the case.

Peterson had been a managing director in Morgan Stanley's real estate investment and fund advisory business. He was sentenced by U.S. District Judge Jack Weinstein in Brooklyn, New York.