Insider Trading Witness Admits To Lying To FBI

Law360, New York (August 8, 2012, 8:57 PM EDT) -- Former Galleon Group LLC employee Roomy Khan, a government witness in the insider trading case against hedge fund founder Doug Whitman, testified Wednesday that she lied to the FBI while she was supposed to be cooperating.

Khan, who became a cooperator after being caught by the FBI for insider trading, said that she recorded only some calls she made to alleged co-conspirators and lied to the FBI about the extent of her illicit inside knowledge.

Whitman, who founded California-based hedge fund Whitman Capital LLC, is fighting...
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