4 Hedge Fund Managers Face Insider Trading Charges

[Viva_La_Revolution]

Source: nbcNY

Four hedge fund managers have been charged by federal prosecutors on insider trading charges.

Two of the men were arrested Tuesday morning by the FBI. Two other have pleaded guilty, officials said. Three of the men work as hedge fund portfolio managers and one is a hedge fund analyst. Two of those arrested are also expected to face obstruction of justice charges.

Officials said Samir Barai, Jason Pflaum, Noah Freeman and Donald Longueuil are the names of those charged this day.
U.S. Attorney Preet Bharara -- who has called the problem of insider information "rampant" -- is expected to announce details of the charges at a news conference.

Read more: http://www.nbcnewyork.com/news/local-beat/More-Insider-Trading-Charges-Expected--115557784.html

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I will update when the details are released.

[Viva_La_Revolution]

1. more details

The charges against two of the portfolio managers, Samir Barai and Donald Longueuil, include conspiracy to commit securities fraud and obstruction of justice, the US Attorney's office in Manhattan said.
The feds also said they reached a plea deal with two other managers involved in the case, Noah Freeman and Jason Pflaum, who both worked as hedge fund research analysts, according to court papers.



Read more: http://www.nypost.com/p/news/business/three_hedge_fund_managers_and_analyst_5BNWDbJ2NGyqD8h0GuRfvO#ixzz1DO9bzT7X


read the complaint here (pdf) http://www.nypost.com/r/nypost/2011/02/08/news/media/020811_Barai_et_al%20_Complaint.pdf

[go west young man]

2. More small fish.

When will we see heads rolls at Goldman Sachs or any of the other major banks that made off with a trillion dollars?