Reuters: Regulatory News: Former hedge fund manager charged with $250 mln insider trades

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Former hedge fund manager charged with $250 mln insider trades Nov 20th 2012, 15:21 NEW YORK | Tue Nov 20, 2012 10:21am EST NEW YORK Nov 20 (Reuters) - U.S. prosecutors in New York announced insider trading charges on Tuesday against Mathew Martoma, a former hedge fund manager. The prosecutors said the case is thought to be the most lucrative insider trading scheme ever found, with illicit gains from the trades totaling more than $250 million. The insider tips focused on drug companies.

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