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7/25/2007
Hedge Fund Manager Pleads Guilty to Insider Trading
In the continued fallout from Wallstreet's insider trading scandal du jour, Mark Lenowitz, a former investment manager at Chelsey Capital and Q Capital Investment Partners admitted on Tuesday to trading on insider information he obtained from UBS analysts. Lenowitz plead guilty to one charge of conspiracy and one charge of securities fraud. Also among the thirteen (fourteen?) indicted are former employees of UBS, Banc of America, Bear Stearns, Morgan Stanley and several other firms. For the full line-up, click here. And for more on Mr. Lenowitz's guilty plea, try this Reuters article.

-- MDT

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