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Article: Net widens in Galleon investigation ; More Bay State firms caught up in federal insider trading case
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 6, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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The biggest hedge fund insider trading case in US history
ensnared more Massachusetts companies yesterday as federal
investigators brought new charges against 14 people, including a
Westwood investor.
Steven Fortuna, a hedge fund manager with a home in Westwood,
pleaded guilty in Manhattan federal court to illegally trading
shares of Akamai Technologies Inc. of Cambridge. Arthur Cutillo, a
New York attorney for Boston law firm Ropes & Gray LLP, was arrested
and charged with leaking inside information about a Bain Capital LLC
plan to buy 3Com Corp. in Marlborough. Florida hedge fund investor
Roomy Khan pleaded guilty to making illicit trades in several
stocks, including Kronos Inc. of ...