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Hedge Fund Manager Commits Suicide After Being Accused of Insider Trading

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Police said on Tuesday, Sanjay Valvani has been found dead in an apparent suicide. Valvani was a hedge fund manager at Visium Asset Management LP and was arrested last week on insider trading charges. a New York Police Department spokeswoman said, the 44 year old was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck. She added that both a suicide note and a knife were recovered. Valvani was accused of having fraudulently made $25 million by getting advanced information about U.S. Food and Drug Administration approvals of generic drug applications. Valvani pleaded not guilty to five counts. The death marked a stunning turn in one of the U.S. government's biggest insider trading cases in years. This video was produced by YT Wochit Business using

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