Hedge fund manager arrested for insider trading ‘commits suicide’ by slicing his throat

Chalk up another victim for the dead bankers list:

 

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 suicide note and a knife were recovered, she added.

Valvani was arrested last Wednesday and accused of having fraudulently made $25 million by getting advanced information about U.S. Food and Drug Administration approvals of generic drug applications.

Valvani had been a partner at Visium Asset Management and was instrumental in building it with founder Jacob Gottlieb into an $8 billion firm that counted some of the country’s biggest pension funds as clients.

Full article: Hedge fund manager arrested for insider trading ‘commits suicide’ by slicing his throat (TruNews)

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