Fund Chief Whitman Gets 2 Years For Insider Trading

Law360, New York (January 24, 2013, 8:42 PM EST) -- Hedge fund founder Doug Whitman, who was convicted of trading on confidential information from insiders at Google Inc. and other companies, was sentenced Thursday to two years in prison.

Whitman, the founder of Menlo Park, Calif.-based Whitman Capital LLC, was also ordered to pay a $250,000 fine and serve a year of post-release probation. U.S. District Judge Jed S. Rakoff imposed the sentence at a hearing in Manhattan.

A jury convicted Whitman in August on charges that he made over $900,000 trading in Google, Polycom Inc....
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