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Sanjay Valvani, hedge fund manager charged with insider trading, found dead
Source: Reuters
Sanjay Valvani, hedge fund manager charged with insider trading, found dead
Reuters
Tuesday 21 June 2016 15.54 BST
Sanjay Valvani, a hedge fund manager at Visium Asset Management who was arrested last week on insider trading charges, has been found dead in an apparent suicide, the police said on Tuesday.
Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck, a New York police department spokeswoman said. A note and a knife were recovered, she added.
Valvani was arrested last Wednesday and accused of having fraudulently made $25m by getting advanced information about US Food and Drug Administration approvals of generic drug applications.
Valvani pleaded not guilty to five counts including securities fraud, wire fraud and conspiracy and was freed on $5m bond secured by his home.
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Reuters
Tuesday 21 June 2016 15.54 BST
Sanjay Valvani, a hedge fund manager at Visium Asset Management who was arrested last week on insider trading charges, has been found dead in an apparent suicide, the police said on Tuesday.
Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck, a New York police department spokeswoman said. A note and a knife were recovered, she added.
Valvani was arrested last Wednesday and accused of having fraudulently made $25m by getting advanced information about US Food and Drug Administration approvals of generic drug applications.
Valvani pleaded not guilty to five counts including securities fraud, wire fraud and conspiracy and was freed on $5m bond secured by his home.
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Read more: https://www.theguardian.com/us-news/2016/jun/21/sanjay-valvani-hedge-fund-manager-found-dead
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