Bloomberg reports Phillipp Villhauer was the head trader at
SAC Capital Advisors LP who allegedly helped the firm founded by Steven A.
Cohen make $276 million on trades that led to the arrest of an ex-hedge fund
manager for insider-trading, according to two people familiar with the matter.
Villhauer is referred to only as the “Head Trader” in a
Securities and Exchange Commission complaint filed Nov. 20 in Manhattan federal
court against Mathew Martoma, said the people, who declined to be identified
because the matter isn’t public. He is referred to in an FBI complaint filed
that same day as the “Senior Trader.” Martoma denies wrongdoing. Villhauer
hasn’t been charged or sued.
“If this trader is not a cooperator, he is or soon will be
in the government’s crosshairs,” said Andrew Frisch, a New York attorney and
former federal prosecutor who isn’t involved in the case. “The government will
see him as either a potential cooperator against others or as a worthy target
by himself….”
No comments:
Post a Comment