Hedge Fund Manager Denies Insider Trading Tips

    

[15 August 2012] -- Whitman Capital LLC’s Doug Whitman told jurors that he refrained from trading the stock of Polycom Inc. [PLCM] when he first suspected that Roomy Khan, a key government witness in his prosecution, was getting illegal inside information.

Whitman, 54, testified yesterday for a second day at his insider-trading trial in Manhattan federal court. He told the jury that he became suspicious during a telephone conversation with Khan in April 2006 that she was getting confidential revenue figures from inside the company.

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