{"id":30781,"date":"2012-08-21T00:12:53","date_gmt":"2012-08-21T04:12:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30781"},"modified":"2012-08-21T06:58:01","modified_gmt":"2012-08-21T10:58:01","slug":"hedge-fund-fraud-whitman-joins-the-ranks-of-rajaratnam-guilty-verdicts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2012\/hedge-fund-fraud-whitman-joins-the-ranks-of-rajaratnam-guilty-verdicts.html","title":{"rendered":"Hedge Fund Fraud: Whitman Joins the Ranks of Rajaratnam Guilty Verdicts"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/08\/images-8.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-30786\" title=\"insider trading\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/08\/images-8.jpg\" alt=\"\" width=\"188\" height=\"169\" \/><\/a>New York (HedgeCo.Net) &#8211; The manager of a $100 million hedge fund, Doug Whitman, has been convicted of insider trading.<\/p>\n<p>&#8220;Douglas Whitman now joins the grim procession of convicted Wall Street professionals who decided that the rules don&#8217;t apply to them. The rules do apply,&#8221; U.S. Atty. Preet Bharara said in a statement &#8220;Mr. Whitman had a hedge fund with his name on the door, with rules against insider trading. He flouted those rules, tarnished his name and now is a convicted felon facing imprisonment.&#8221;<\/p>\n<p>The accusations include insider trading schemes that earned his firm more than $900,000 in illegal profits.<\/p>\n<p>Whitman was convicted on all four counts with which he was charged. He was found guilty of executing trades based on non-public information related to three publicly traded companies: Marvell Technology Group, Polycom and Google.<\/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 manager of a $100 million hedge fund, Doug Whitman, has been convicted of insider trading. &#8220;Douglas Whitman now joins the grim procession of convicted Wall Street professionals who decided that the rules don&#8217;t apply to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,919,3],"tags":[],"class_list":["post-30781","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30781","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=30781"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30781\/revisions"}],"predecessor-version":[{"id":30789,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30781\/revisions\/30789"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}