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Hedge Fund Founder Faces Jury as FBI Raids Yield Trial

BusinessWeek – Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading.

This week, the first two defendants from those firms are set to face trial in Manhattan federal court, as the U.S. continues its unprecedented five-year-old investigation of market corruption at hedge funds, technology companies and consulting firms.

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