Wood River Fund Manager Indicted

Law360, New York (February 2, 2007, 12:00 AM EST) -- A former hedge fund manager accused of orchestrating a securities fraud scheme that resulted in about $88 million in investor losses was indicted Thursday in Manhattan.

John H. Whittier was criminally charged with securities fraud, failing to disclose a beneficial interest of 5% or more in a publicly-traded security to the U.S. Securities and Exchange Commission, and two counts of failing to disclose a beneficial interest of 10% or more in a publicly-traded security with the SEC.

If convicted, the former owner of Idaho-based hedge fund...
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