Fund Head Still Milked Friend After Suspecting Insider Trades

Law360, New York (August 15, 2012, 7:42 PM EDT) -- Hedge fund founder and accused insider trader Doug Whitman continued using neighbor Roomy Khan as a source on Polycom Inc., even after he thought she had obtained illegal inside information, he conceded on cross-examination Wednesday.

Whitman said he called Khan in September and October 2008 to ask that she press her contact at Polycom even though he felt she had given him illegal inside information, on which he did not trade, in April 2006.

Whitman, he founder of California-based Whitman Capital LLC, has been on the...
To view the full article, register now.