(Fortune) Hedge fund manager Todd Newman\u2019s successful career was upended when he was prosecuted for insider trading. After his conviction was thrown out on appeal, the case became a landmark in Wall Street regulation. An inside look at what it\u2019s like to be stalked by the feds\u2014and not back down.<\/p>\n
The phone call that changed Todd Newman\u2019s life came without warning. It was 8:45 on a Monday morning in November 2010. Newman was at his desk at Diamondback Capital Management, a hedge fund based in Stamford, Conn. He had arrived 15 minutes earlier at the firm\u2019s office in One Landmark Square\u2014coincidentally, a building Newman\u2019s grandfather had developed years earlier\u2014after commuting that morning from his home outside Boston, where he lived with his wife and daughter. Newman was a portfolio manager at Diamondback. He ran a long\/short book of about $150 million, trading mostly in the stocks of technology companies.<\/p>\n