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Ex-Porn Star Gets 90 Days on Insider Stock Charges

October 24, 2002|From Associated Press

NEW YORK — A former porn star who admitted profiting from insider information she received from a Wall Street executive was sentenced Wednesday to three months in prison.

"I did a lot of wrong things, but I'm an adventurous Aries and a Canadian," Kathryn Gannon, who appeared in several adult films, said outside federal court. "I'm going to go to jail with my head up high, and I'm going to be the captain of my cell block."

Gannon, 33, said she hoped the sentence would restore her flagging finances.

"There is going to be a movie made about my life story," she said. "Jail time actually promotes it even better -- ching, ching!"

Gannon's co-conspirator, James McDermott Jr., was a $4-million-a-year executive known for his appearances on TV investment programs.

McDermott admitted giving tips to Gannon and was sentenced last year to the five months he had served.

Gannon must surrender to authorities by Dec. 2.

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