A California hedge fund manager who testified in his own
defense at his insider trading trial, was convicted on Monday of securities
fraud and conspiracy charges by a federal jury, Reuters told us.
Doug Whitman, the 54-year-old founder of Whitman Capital, is
the latest to be convicted or plead guilty among dozens of money managers,
traders, consultants and lawyers charged since 2009 in a U.S. crackdown on
insider trading. He was the first among
several insider trading trial defendants to gamble on taking the witness stand
in the hope of winning an acquittal….
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