Former investment banker Frank Perkins Hixon Jr. tried out a different approach in court yesterday when he argued that the court should sentence him to a prison term of less than four years. Let’s call it the “Notorious B.I.G.” strategy.

You may recall that rap legend Notorious B.I.G. introduced himself to the world in 1994 in his first big hit, “Juicy,” as follows:

Yeah, this album is dedicated to all the teachers that told me I'd never amount to nothin'

To all the people that lived above the buildings that I was hustlin' in front of

That called the police on me when I was just tryin' to make some money to feed my daughter

To all my peoples in the struggle, you know what I'm sayin'?

It's all good baby, baby.

Yes, Notorious B.I.G., acknowledged, he was selling drugs in front of people’s apartment buildings but he was only doing it to feed his daughter! So why did people need to be calling the police on him?!?! Similarly, Hixon told the court yesterday that yes, he did engage in insider trading but he was only doing it to generate funds to pay child support for his daughter.

According to Bloomberg, Hixon explained to the court that his insider trading did not stem from greed but rather was “a misguided expression of love and support for his younger daughter, whom he desperately feared losing.” Hixon’s ex-girlfriend (and the mother of his child) reportedly would not accept money from him but for some reason had no problem with Hixon trading in her account based on inside information. “Her pride would allow her to accept his investment ideas, but not his checks,” Hixon’s lawyer told the court.

As such, Hixon’s lawyer told U.S. District Judge Ronnie Abrams, that “it's all good baby, baby” Hixon should receive a sentence below the federal sentencing guideline of 46 months to 57 months in prison. 

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