On November 10, 2014, the U.S. Supreme Court declined to hear Douglas Whitman’s appeal of his August 2012 conviction on two counts of conspiracy to commit securities fraud and two counts of securities fraud. Prosecutors in the SDNY had charged Whitman, a portfolio manager at Whitman Capital, LLC, with engaging in insider trading schemes that earned his firm more than $900,000 in illegal profits. In January 2013, Judge Jed Rakoff sentenced Whitman to 24 months in prison.
