A Brentwood resident was sentenced on Jan. 6 to two years in federal prison for his role in an insider trading scheme that netted more than $650,000 in illicit profits.

Shahriyar Bolandian, 36, was sentenced by United States District Judge Terry J. Hatter Jr.  At the conclusion of a five-day jury trial last April, Bolandian was found guilty of six counts of insider trading. A forfeiture order will be imposed at a later date.

“This defendant – now a convicted felon – illegally traded on inside information to enrich himself and others,” United States Attorney Martin Estrada said. “All those who seek to get rich by manipulating the financial markets and taking advantage of others should think again. There will be consequences for this misconduct.”

In 2012 and 2013, Bolandian received non-public information about two upcoming corporate acquisitions by publicly traded companies. Bolandian used the inside information to trade in advance of the public announcements of Integrated Device Technology Inc.’s April 2012 planned acquisition of PLX Technology Inc., and Salesforce.com Inc.’s June 2013 acquisition of ExactTarget Inc.

As a result of the illegal trades, Bolandian’s personal share of the scheme’s illicit proceeds was $450,000. Authorities said he used the money to cover previous trading losses and repay loans to family and friends.