Group of hedge-fund analysts to testify in insider trading case

Former SAC analysts exchanged information on technology companies to reap considerable profit

Familiarity between those in a particular industry is not uncommon, but when it jumps the line from professional acquaintance to secret society cohort, things can go awry quickly. And maybe that familiarity is why four former hedge-fund employees are waiting to stand witness against SAC Capital Advisor LP fund manager Michael Steinberg, after they pleaded guilty to insider trading charges themselves. Steinberg faces up to 20 years if convicted.

Many of those involved are directly linked to Stamford Conn.-based hedge fund SAC Capital Advisers, which lead prosecutor U.S. Attorney Preet Bharara has called, “a veritable magnet for market cheaters.” 

Executive Editor

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Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

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