{"id":44597,"date":"2014-10-17T08:04:21","date_gmt":"2014-10-17T12:04:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44597"},"modified":"2014-10-17T08:04:21","modified_gmt":"2014-10-17T12:04:21","slug":"5-years-behind-bars-for-former-hedge-fund-analyst","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2014\/5-years-behind-bars-for-former-hedge-fund-analyst.html","title":{"rendered":"5 Years Behind Bars For Former Hedge Fund Analyst"},"content":{"rendered":"

\"whitecollar<\/a>New York (HedgeCo.Net) – A former analyst for a hedge fund investment adviser in San Francisco, California, has received a 3 year prison sentence for his part in a $27 million fraud scheme based on insider trading, The New York Post reports.<\/p>\n

Back in May, 2014, hedge fund analyst Matthew Teeple pled guilty to participating in an insider trading scheme that resulted in at least $27 million in ill-gotten gains and losses avoided.<\/p>\n

Specifically, Teeple admitted that in 2008, he received and passed on to Investment Adviser A illegally obtained inside information about Foundry Networks Inc., a technology company located in Santa Clara, California. This inside information included the fact\u2014before it became public on July 21, 2008\u2014that Brocade Communications Inc. was planning to acquire Foundry.<\/p>\n

Manhattan U.S. Attorney Preet Bharara said, \u201cMatthew Teeple admitted that he received inside information from a tech company insider and passed it on to others, who reaped a windfall of at least $27 million.\u201d<\/p>\n

Teeple, 42, of San Clemente, California, pled guilty to count one of a four-count superseding indictment. Count one charges a conspiracy to commit insider trading and carries a maximum term of five years in prison. As part of his guilty plea, Teeple agreed to forfeit $553,890.<\/p>\n

Alex Akesson
Editor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – A former analyst for a hedge fund investment adviser in San Francisco, California, has received a 3 year prison sentence for his part in a $27 million fraud scheme based on insider trading, The New York […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,12,3],"tags":[],"class_list":["post-44597","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","category-hedge-fund-regulation","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44597","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=44597"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44597\/revisions"}],"predecessor-version":[{"id":44600,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44597\/revisions\/44600"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}