Crackdown on More Hedge Fund Douche Baggery in Menlo Park

This is just too good to be true.  Another hedge fund d-bag caught up in his own ridiculous deceptions.   Orange jumpsuit please!

“In the latest victory for federal prosecutors cracking down on insider trading, a jury convicted a California hedge-fund manager who testified in his own defense and said his trades were based on legitimate research.

Doug Whitman, of Whitman Capital in Menlo Park, Calif., told jurors that he didn’t trade on confidential tips and refrained from trading when he thought he might have received inside information.

But he wasn’t able to overcome a series of secretly recorded telephone calls during which he is heard discussing “moles” and having a conversation about sending presents to the sources.

Read full article by Chad Bray at the WSJ.com

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: