(Bloomberg) A jury’s verdict sent a warning to Washington’s political intelligence industry and funds that rely on it: Trading on government secrets is as risky as using insider corporate information. David Blaszczak, a Washington consultant who gave hedge funds advance word on Medicare reimbursement rates, was convicted Thursday of stealing secrets from the government and insider trading. A federal jury found that he provided hedge fund clients with tips he learned from ex-colleagues still in the government.Blaszczak, who worked as a consultant after leaving the Centers for Medicare and Medicaid Services, was among four defendants found guilty in Manhattan federal court.
D.C. Consultant Among Four Guilty in Political Intelligence Case
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