Wealth, Freedom & Options With Joshua Belanger

The Dark Side Of Greed

Informações:

Sinopsis

This morning someone asked me if I heard about the hedge fund manager who recently committed suicide. I didn't, but I was quickly was able to read the details on CNNMoney. Hedge fund manager Sanjay Valvani was found dead by his wife in an apparent suicide, which was less than a week after he was arrested on insider-trading charges. His fund oversaw $8 billion in assets with the funds primary focus being in health care. That's a good chunk of money under management. Prosecutors alleged he was part of an insider-trading scheme that spanned from 2005 to 2011, which illegally traded on confidential tips about drug approvals. In fact, he supposedly profited nearly $25 million in profits with one of those insider tips. This guy was a smart dude. He received his MBA in 2001 from Duke University's Fuqua School of Business and founded his fund in 2005. So what, right? Well, it's sad especially leaving a wife and kids like that and only being 44 years old. Yes, I agree he did a bad thing. I wish he had