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Raimondo Got Donation from Hedge Fund Indicted for Fraud

Go Local – General Treasurer Gina Raimondo received a donation from a manager at a hedge fund that has been indicted for insider trading, along with several donations from the law firm now defending that fund against a five-count federal indictment, state campaign finance records show.

Raimondo received $1,000—the annual maximum under state law—from John Sabat, a hedge fund portfolio manager, in March 2010 while she was running for state treasurer. Eight months later, the SEC raided the offices of his $15 billion firm, SAC Capital Advisors, as part of a six-year investigation that culminated in a five-count indictment on fraud handed down last week.

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