Doug Whitman, the head portfolio manager at Whitman Capital, LLC, was indicted by a New York federal grand jury on insider trading and criminal securities fraud charges (read the indictment below).
The indictment alleges that in 2006 and 2007, Whitman’s firm made $900,000 in illegal profits by trading Google and Polycom stocks using material, non-public information that Whitman himself acquired to make the trades.
Whitman is also charged with buying and selling Marvell Technology Group stock and options over roughly two years using insider information.
