Hedge Fund Boss Cops To Insider Trading Charges
Brownstein, the 35-year-old head of Big 5 Asset Management LLC, learned in April 2010 from lifelong friend Drew Peterson — the son of a Mariner Energy Inc. board member — that Apache was about to buy Mariner, the defendant said in a New York courtroom.
Brownstein admitted he bought Mariner stock for himself and his oil-and-gas focused investment...
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