{"id":44973,"date":"2014-11-12T07:55:38","date_gmt":"2014-11-12T12:55:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44973"},"modified":"2014-11-12T08:07:41","modified_gmt":"2014-11-12T13:07:41","slug":"california-hedge-fund-founder-denied-re-trial","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2014\/california-hedge-fund-founder-denied-re-trial.html","title":{"rendered":"California Hedge Fund Founder Denied Re-Trial"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/11\/InsiderTrading.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-44976\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/11\/InsiderTrading.jpg\" alt=\"InsiderTrading\" width=\"280\" height=\"226\" \/><\/a>New York (HedgeCo.Net) &#8211; San Francisco hedge fund founder Doug Whitman has been denied a new trial on his insider trading case which earned him two years in jail, the WSJ reports. Whitman was sentenced in January 2013 after a conviction on <a href=\"http:\/\/www.hedgeco.net\/news\/wp-admin\/post.php?post=27366&amp;action=edit\" target=\"_blank\">securities fraud and conspiracy charges<\/a>.<\/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>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>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 \/>\nFor\u00a0<a style=\"color: #743399;\" title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a style=\"color: #743399;\" href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<span style=\"color: #993300;\"><span style=\"color: #800080;\"><a style=\"color: #ff4b33;\" title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\"><span style=\"color: #800080;\">hedge fund database<\/span><\/a><\/span>\u00a0<\/span>and community for qualified and accredited investors only. Membership in\u00a0<a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a style=\"color: #743399;\" 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 Doug Whitman has been denied a new trial on his insider trading case which earned him two years in jail, the WSJ reports. Whitman was sentenced in January 2013 after a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12,16034,3],"tags":[],"class_list":["post-44973","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedge-fund-regulation","category-hedge-fund-rulings","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44973","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=44973"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44973\/revisions"}],"predecessor-version":[{"id":44984,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44973\/revisions\/44984"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}