NEW YORK (AP) — Tens of thousands of dollars paid to a corrupt analyst for secrets was funneled through his wife, an ex-analyst told a jury on Wednesday at the insider trading trial of two former hedge fund managers.
The testimony by ex-analyst Jesse Tortora came in the first full day of testimony in the latest trial to result from the government’s crackdown on analysts who trade secrets about public companies and disguise the information as legitimate research.
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