Whitman Denies Trading on Polycom Tips From Roomy Khan
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Whitman Capital LLC’s Doug Whitman, testifying in his own defense at his insider trading trial, told jurors he didn’t trade in Polycom Inc. stock based on information from Roomy Khan, one of the government’s key witnesses.
Whitman, 54, who is charged with trading on illegal tips on Polycom, Google Inc. and Marvell Technology Group Ltd., disputed Khan’s testimony that he often “hounded” her to get inside information on Polycom earnings from her friend Sunil Bhalla, a senior vice president at the company. Under questioning from defense lawyer David Anderson, Whitman said Khan was the one who brought up Bhalla in a phone conversation in January 2006.