The New York Times – A former hedge fund manager named Mark E. Lenowitz has been secretly cooperating with an expanding federal investigation of insider trading on Wall Street for more than two years, in hopes of reducing his jail time.

He will learn if his gamble paid off on Thursday, when he is to be sentenced for his role in a criminal case that was described in 2007 as the largest insider-trading crackdown in 20 years, The New York Times’s Diana B. Henriques and Zachery Kouwe write.

Since then, the government’s battle against Wall Street’s lucrative whispering game has generated more cases and more headlines.

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