Hedge fund scam suspect in on the run in Mumbai: FBI
Monday, November 9, 2009 : PermalinkBusiness Standard – Deep Shah, an Indian-origin suspect in the largest ever hedge fund scam in the US is on the run and is believed to be in Mumbai, federal authorities have said.
Shah, 27, and Gautam Shankar, 35, were among the 14 new suspects charged on Thursday in the $53 million insider trading scam by the FBI.
While Shah is a former analyst at the Moody’s Investor Service, Shankar who has already pleaded guilty is a former proprietary trader at Schottenfeld Group in New York.
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