From finalternatives: A former SAC Capital Advisors consultant has pleaded guilty
to insider-trading, implicating another SAC veteran in the process. Wesley Wang admitted he shared confidential
corporate information with Whitman Capital founder Douglas Whitman, against
whom he has agreed to testify. But he also said that he passed tips to Dipak
Patel, a former Portfolio manager at SAC's Sigma Capital unit.
Wang worked at Sigma from 2002 until 2005. Patel has not
been charged with any wrongdoing.
At a July 13 hearing, Wang said he passed tips about Cisco
Systems, Marvell Technology Group and Polycom Inc. to Whitman from 2002 until
2009. In addition to Whitman and Patel, he said he traded tips with former
Lanexa Global Management analyst Thomas Hardin, who cooperated with prosecutors
in the Galleon Group insider-trading case as "Tipper X."
Hardin isn't the only link to that case in the case against
Whitman: Among the potential witnesses in his trial is former Galleon employee
Roomy Khan…..
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