Dipak Patel, a former SAC Capital portfolio manager, has
been fingered by a mole, the WSJ.told BI.
The undercover informant has told federal investigators that
she passed confidential information to the trader for years. Patel, who was a technology stock manager for
Steve Cohen's hedge fund, has yet to be charged with any wrongdoing. He left
SAC Capital in 2010.
Investigators have been concentrating their efforts on SAC
Capital in a big way for years. The heat has been especially intense since last
November, when Feds wrote that SAC CEO Steve Cohen interacted with alleged
insider trader, Mathew Martoma in a complaint. Six former SAC employees have
been convicted of or pleaded guilty to insider trading since 2009…..
Read more: http://www.businessinsider.com/sacs-patel-implicated-in-insider-trading-2013-1#ixzz2IuTDqIfi
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