Alleged Hedge Fund Tipster Faces Full Wrath Of Preet Bharara

DealBreaker – Preet Bharara is a big-picture kind of guy. He’s won more than 80 insider-trading convictions. Sure, there’s the one that got away, mostly because the judge presiding was, in Preet’s considered opinion, a fucking idiot. And, sure, it hurt. Still does. But he’s not going to let that get him down. No. He’s going to start a new streak right now.

David Riley, Foundry’s former chief information officer, allegedly gave the tip about the 2008 deal to a former colleague, Matthew Teeple, who had gone to work as an analyst for a San Francisco hedge fund. Teeple then shared the information with other friends and his hedge fund, prosecutors said….

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