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Hedge fund manager charged with insider trading
Source: Reuters
Hedge fund manager charged with insider trading
By Grant McCool
NEW YORK | Fri Feb 10, 2012 1:02pm EST
(Reuters) - A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, the latest in a series of cases brought by the U.S. government in recent years against money managers and traders.
An FBI spokesman said an indictment would be unsealed later on Friday in federal court in New York outlining the charges against Doug Whitman, the founder of Whitman Capital in Menlo Park, California. The hedge fund's website describes it as a private partnership focused on the technology industry.
Whitman denies that he traded on the basis of unlawfully obtained inside information, his lawyer said in a statement. The lawyer, David Anderson of Sidley Austin LLP, said Whitman had cooperated with the government's investigation.
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By Grant McCool
NEW YORK | Fri Feb 10, 2012 1:02pm EST
(Reuters) - A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, the latest in a series of cases brought by the U.S. government in recent years against money managers and traders.
An FBI spokesman said an indictment would be unsealed later on Friday in federal court in New York outlining the charges against Doug Whitman, the founder of Whitman Capital in Menlo Park, California. The hedge fund's website describes it as a private partnership focused on the technology industry.
Whitman denies that he traded on the basis of unlawfully obtained inside information, his lawyer said in a statement. The lawyer, David Anderson of Sidley Austin LLP, said Whitman had cooperated with the government's investigation.
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Read more: http://www.reuters.com/article/2012/02/10/us-insidertrading-hedgefunds-arrest-idUSTRE81918C20120210
