US Launches Whitman's 'Straightforward' Insider Trading Case

Law360, New York (July 31, 2012, 9:45 PM EDT) -- Prosecutors on Tuesday launched what one called a “straightforward insider trading case” against hedge fund founder Doug Whitman, accusing him of cultivating links to sources at Google Inc. and other technology companies.

Whitman, the founder of California-based Whitman Capital LLC, used admitted securities frauds with connections to corporate insiders to make nearly $1 million trading in Google Inc., Polycom Inc. and Marvell Technology Group Ltd., Assistant U.S. Attorney Christopher LaVigne told a jury.

“In simple words, what I'm talking about, ladies and gentlemen, is cheating,” LaVigne...
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