Manhattan U.S. Attorney and FBI Assistant Director in Charge Announce Charges Against Seven Investment Professionals for Insider Trading Scheme that Allegedly Netted More Than $61.8 Million in Illegal Profits
Preet Bharara, the United States Attorney for the Southern District of New York, and Janice K. Fedarcyk, the Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), today announced charges against seven investment professionals, who worked at three different hedge funds and two other investment firms, for engaging in a scheme in which they provided each other with material, non-public information (“Inside Information”) about two publicly traded technology companies, Dell, Inc. (“Dell”) and NVIDIA (“NVDA”).