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Prosecutors alleged a political intelligence consultant passed along information illegally purloined from Medicare administrators to hedge fund partners who used it to make millions.
May 04, 2018 at 02:09 PM
1 minute read
Four defendants accused of insider trading on nonpublic Medicare information were found guilty by a jury late Thursday after a four-week trial, the U.S. Attorney’s Office for the Southern District of New York announced.
The defendants were charged, among other things, with conspiracy to convert government property to commit securities fraud, and wire and securities fraud conspiracy.
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