{"id":33588,"date":"2013-01-25T08:09:13","date_gmt":"2013-01-25T13:09:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33588"},"modified":"2013-01-25T08:13:46","modified_gmt":"2013-01-25T13:13:46","slug":"insider-trading-california-hedge-fund-founder-gets-2-years-behind-bars","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2013\/insider-trading-california-hedge-fund-founder-gets-2-years-behind-bars.html","title":{"rendered":"Insider Trading: California Hedge Fund Founder Gets 2 Years Behind Bars"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/01\/insider-trading.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-33429\" title=\"insider-trading\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/01\/insider-trading-300x229.jpg\" alt=\"\" width=\"300\" height=\"229\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/01\/insider-trading-300x229.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/01\/insider-trading.jpg 360w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; San Francisco hedge fund founder\u00a0Doug Whitman was sentenced yesterday to two years behind bars after a\u00a0conviction on securities fraud and conspiracy charges.<\/p>\n<p>Whitman Capital, the hedge fund\u00a0he had presided over had about $100 million in assets. Prosecutors said Whitman made nearly $1 million between 2006 and 2009 by receiving inside tips about the earnings of public companies.<\/p>\n<p>Whitman said he was &#8220;terribly, terribly sorry.&#8221; The judge accused him of being, &#8220;cavalier and crude in his business dealings.&#8221; Whitman was also fined $250,000 and ordered to forfeit $935,000.<\/p>\n<p>Alex Akesson<br \/>\nFor <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; San Francisco hedge fund founder\u00a0Doug Whitman was sentenced yesterday to two years behind bars after a\u00a0conviction on securities fraud and conspiracy charges. Whitman Capital, the hedge fund\u00a0he had presided over had about $100 million in assets. [&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-33588","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\/33588","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=33588"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33588\/revisions"}],"predecessor-version":[{"id":33594,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33588\/revisions\/33594"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}