Ex-SanDisk Corp. executive Donald Barnetson pleaded guilty to passing nonpublic information to hedge fund consultant John Kinnucan in the U.S.’s five-year crackdown on insider trading by fund managers, etc., according to Bloomberg’s finest .
Barnetson revealed his own role in the conspiracy yesterday at a plea hearing in Manhattan federal court. In Portland, Oregon, Kinnucan, an analyst who gained national attention for refusing to cooperate with the FBI, was ordered held without bail on charges he passed and received illegal tips. The U.S. said he engaged in a “pattern of threats and intimidation” and left anti-Semitic messages for prosecutors and FBI agents. U.S. Magistrate Judge John Acosta set the next hearing for Feb. 22.
The probe by the Federal Bureau of Investigation in New York and the Manhattan U.S. Attorney’s Office, called operation “Perfect Hedge,” has resulted in charges against at least 64 people. Since 2009, more than 50 individuals have either pleaded guilty or been convicted at trial, including Galleon Group LLC co-founder Raj Rajaratnam, who is serving an 11-year prison term….
Read more at http://www.bloomberg.com/news/2012-02-17/expert-networker-john-kinnucan-charged-with-insider-trading.html
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