Sunday, January 27, 2013

HEDGE-FUND MANAGER PAYS BIG FINE AND FORFEIT

     WSJ - Mr. Douglas Whitman, founder of Whitman Capital in 1994, was sentenced to 2 years in prison by U. S. District Court Judge Jed Raskof.   Mr.  Whitman was fined $250,000 and ordered to forfeit $935,000 in illegal gains.  Mr. Whitman declared," I am terribly sorry. 
 
This something that haunts me today and will for the rest of my life". The Judge said, "Mr. Whitman repeatedly perjured himself" during the trial.  Passing inside information to outsiders on Google among other companies was Mr. Whitman's downfall.  Won't these supposedly smart fellows ever learn??

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