‘Moles’ Gave Hedge-Fund Manager Whitman Tips, U.S. Says
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Whitman Capital LLC’s Doug Whitman used illegal tips from company “moles” to make trades on Polycom Inc., Google Inc. and Marvell Technology Group Ltd., a prosecutor told jurors at the end of the hedge-fund manager’s criminal trial.
“Mr. Whitman absolutely knew what was allowed and what was not allowed, despite the story they spun up there on the witness stand,” Assistant U.S. Attorney Jillian Berman said in her closing argument today in Manhattan federal court.