The jury returned its verdict Monday in federal court in Manhattan. Doug Whitman was the only defendant among dozens to testify in his own defense against insider trading charges.
Prosecutors say Whitman made nearly $1 million between 2006 and 2009 by receiving inside tips about the earnings of public companies.
He testified that he was careful not to make trades based on inside information whenever he came across it. He said he believed employees at publicly traded companies could tell him generally how a quarter was going as long as they did not give him exact numbers.
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