A former research analyst with hedge fund Barai Capital Management was sentenced Jan. 31 to time served followed by two years’ supervised release for his role in an insider trading scheme, U.S. Attorney Preet Bharara of the Southern District of New York announced (United States v. Pflaum).
In late 2010, Jason Pflaum, pleaded guilty to charges he obtained material, nonpublic information about various publicly traded companies and provided it to BCM chief Samir Barai. Specifically, Pflaum pleaded guilty to one count of conspiracy and one count of securities fraud and agreed to cooperate with the government.
In a ...
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