Hedge-Fund Manager Charged in Insider-Trading Probe

Wow, right here in Menlo Park, CA.  Douche-baggery is seeping into the backyard.

“A northern California hedge-fund manager was charged Friday with making a series of improper trades in Google Inc. and other technology companies based on inside information, the latest in a broad government crackdown on insider trading.

The case against Doug Whitman, of Whitman Capital in Menlo Park, Calif., stems from a wider investigation involving Galleon Group founder Raj Rajaratnam. Mr. Rajaratnam was convicted of insider-trading charges last May and is serving an 11-year prison sentence.

Federal prosecutors in Manhattan have alleged that Mr. Whitman, 54 years old, made trades based on secret tips he received from Roomy Khan and Karl …”

READ THE WALL STREET JOURNAL ARTICLE HERE

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: