Tag: hedge fund
Secret from the FBI – CIO of Hedge Fund Sentenced to One Year in Prison for Insider Trading Scheme
NEWARK, NJ—The chief investment officer and portfolio manager of the Clay Capital Fund, a hedge fund based in Summit, New Jersey, was sentenced today to 12 months in prison for participating in an insider trading scheme which netted more than $2.5 million in illicit profits, U.S. Attorney Paul J. Fishman announced. James Turner, 45, of…
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