{"id":19932,"date":"2011-01-12T08:22:24","date_gmt":"2011-01-12T12:22:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19932"},"modified":"2011-01-12T08:49:15","modified_gmt":"2011-01-12T12:49:15","slug":"new-charges-in-hedge-fund-probe-google-insiders","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2011\/new-charges-in-hedge-fund-probe-google-insiders.html","title":{"rendered":"New Charges In Hedge Fund Probe, Google Insider"},"content":{"rendered":"<p>New York (HedgeCo.net) &#8211; The SEC has charged Robert Feinblatt, co-founder of hedge fund Trivium Capital Management LLC, and Trivium analyst Jeffrey Yokuty in its ongoing hedge-fund insider trading case, MarketWatch reports.<a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/googlespy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-19940\" title=\"googlespy\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/googlespy.jpg\" alt=\"\" width=\"220\" height=\"220\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/googlespy.jpg 220w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/01\/googlespy-150x150.jpg 150w\" sizes=\"auto, (max-width: 220px) 100vw, 220px\" \/><\/a>The SEC alleges insider dealing at Google, Polycoms, Hilton and Kronos Securities. The information included unreleased earnings and impending takeovers.<\/p>\n<p>\u201cToday\u2019s action reveals disturbingly corrupt arrangements \u2013 faithless company executives who secretly pass corporate information to hedge fund managers willing to violate the law for profit,\u201d SEC Enforcement director Robert Khuzami, said, according to MarketWatch.<\/p>\n<p>The SEC says that Feinblatt and Yokuty helped the hedge fund managers, through insider trading, to gain $15 million in \u201cillicit profits.\u201d<\/p>\n<p>Bob Nguyen, a\u00a0former analyst at Primary Global Research,\u00a0also admitted to helping hedge funds and other investors obtain confidential information. He\u00a0pleaded Monday to conspiracy to commit wire fraud and securities fraud. He faces up to 25 years in prison.<\/p>\n<p>The SEC also identified the Akamai executive who allegedly revealed company secrets to hedge fund traders.\u00a0Kieran Taylor, Akamai\u2019s former senior director of product marketing, is being accused of providing information to the now defunct hedge fund, Galleon Group LLC. Prosecutors allege that New Castle and Fortuna\u2019s firm, S2 Capital LLC, each made a profit of $2.4 million by illegally trading on the Akamai inside information, while Galleon made $3.5 million.<\/p>\n<p>MarketWatch reports that the SEC has so far charged 27 defendants, from 14 companies, with gains of roughly $69 million in \u201cilllicit profits\u201d in the hedge fund probe.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; The SEC has charged Robert Feinblatt, co-founder of hedge fund Trivium Capital Management LLC, and Trivium analyst Jeffrey Yokuty in its ongoing hedge-fund insider trading case, MarketWatch reports.The SEC alleges insider dealing at Google, Polycoms, Hilton [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-19932","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19932"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19932\/revisions"}],"predecessor-version":[{"id":19934,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19932\/revisions\/19934"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}