- Posted November 12, 2014
- Tweet This | Share on Facebook
Court lets conviction of hedge fund founder stand
WASHINGTON (AP) - The Supreme Court has declined to disturb the conviction of San Francisco hedge fund founder Doug Whitman on insider trading charges.
The justices on Monday rejected Whitman's appeal of his 2012 conviction for securities fraud and conspiracy.
Prosecutors said Whitman made nearly $1 million between 2006 and 2009 by receiving inside tips about the earnings of public companies. Whitman had testified that he was careful to avoid inside trades. He was sentenced to two years in prison.
Whitman argued that the trial court gave the jury flawed instructions and improperly excluded the testimony of a witness.
Published: Wed, Nov 12, 2014
headlines Oakland County
- Historical: Circuit Court judge has made indelible mark
- ABA amicus brief supports noncitizens’ right to a bond hearing when detention becomes ‘unreasonably prolonged’
- Nessel secures full victory in lawsuit challenging administration’s attack on fair housing protections
- Whitmer announces new automotive jobs, investment in Oakland County
- AG pushes federal government to strengthen rules to combat illegal robocalls
headlines National
- Lindsay Clancy trial shows how hard it is to prove intent retroactively
- Is there a religious right to abortion? State supreme court will weigh in
- Harvey raises $550M in latest round of funding
- Vanderbilt law students will gain access to AI-powered deposition simulations
- Federal judges’ interns may accept stipends from law firms, ethics panel says
- Former lawyer who pulled gun on ex-wife in restaurant convicted of attempted murder
