Manhattan U.S. Attorney Charges Three Hedge Fund Portfolio Managers and One Analyst with Insider Trading
Two of the Hedge Fund Managers Are Also Charged with Obstruction of Justice The Third Hedge Fund Manager and Analyst Have Already Pled Guilty to Insider Trading Crimes 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"), announced that SAMIR BARAI, a former portfolio manager at two hedge funds, and DONALD LONGUEUIL, who formerly worked as a research analyst at a third hedge fund and as a portfolio manager at a fourth, have been charged with conspiracy to commit securities and wire fraud for their involvement in an insider trading scheme. BARAI has also been charged with securities fraud. JASON PFLAUM, a former research analyst for BARAI, and NOAH FREEMAN, a research analyst at a fifth fund and then a portfolio manager at a sixth, were charged with, and pled guilty in Manhattan federal court to, one count each of conspir...