Aug
15
Visium Trader-Turned Whistle-Blower Tied to Hedge Fund’s Demise
By-
Thorell said to go to U.S. authorities, record conversations
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Brokers at Janney, PrinceRidge said to aid alleged scheme
A former trader at Visium Asset Management LP told an ex-colleague that one of his first stops after leaving the firm was the SEC. What he didn’t say was that he had turned on his former co-workers and was secretly recording their conversations for the FBI.
The trader, Jason Thorell, has spent almost three years helping the government with its investigation of Visium, an $8 billion investment firm now winding down after the U.S. brought charges against three executives, according to three people familiar with the matter. A judge has granted him immunity for his testimony, and he may even get a payout as a whistle-blower, according to an FBI affidavit…
Visium Trader-Turned Whistle-Blower Tied to Hedge Fund’s Demise
