Hedge Fund Managers Arrested in Insider Case

February 9th, 2011 - 2:09 am ICT by Angela Kaye Mason  

Feb 8 (THAINDAN NEWS) A report from Reuters reveals the latest developments in the hedge fund trading activities, with the news that two of the hedge fund managers were arrested and charged with insider trading last Tuesday. In the meantime, an analyst and a portfolio manager sealed agreements to plead guilty in connection to the investigation.

Federal prosecutors were said to have announced the charges, as they investigate the link between the consultants for the supposed expert networking firms, and the hedge funds. The Firms are accused of illegally releasing info to their investors.

Sam Barai, who is the head of Barai Capital Management and former SAC employee Donald Longueuil were the two arrested, according to the court documents. The defendants who plead guilty in the plea bargain were Noah Freeman, a portfolio manager, and Jason Pflaum, an analyst that worked along with Barai.

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