Fund Founder Whitman Found Guilty Of Insider Trading

Law360, New York (August 20, 2012, 1:57 PM EDT) -- California hedge fund founder Doug Whitman was found guilty Monday of insider trading for using information gleaned from corporate insiders at Google Inc. and other companies through intermediaries, despite his decision to take the stand in his defense.

A New York federal jury found Whitman guilty of four insider trading-related counts Monday afternoon, only a few hours after resuming deliberations that began late Friday. Whitman was accused of making over $900,000 trading in Google, Polycom Inc. and Marvell Technology Group Ltd. from 2006 to 2008 with...
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