ML-Implode News - Hedge-Fund Manager Charged in Visium Insider-Trading Case Found Dead in Apparent Suicide

Hedge-fund manager Sanjay Valvani, charged last week in one of the most significant insider-trading prosecutions in recent months, was found dead in his home Monday evening from an apparent suicide, authorities said.
Mr. Valvani, 44 years old, was found by his wife in the bedroom of their Brooklyn home with a slash wound to his neck, said a New York Police Department spokesman. He was pronounced dead around 6:30 p.m.
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Mr. Valvani, who focused on specialty pharmaceutical investments at the health-care-focused fund, allegedly obtained the inside tips from former Food and Drug Administration official Gordon Johnston, 64, who pleaded guilty to wire and securities fraud in connection with the case. Mr. Valvani pleaded not guilty last week in federal court in Manhattan.

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Hedge-Fund Manager Charged in Visium Insider-Trading Case Found Dead in Apparent Suicide