An independent research analyst John Kinnucan was arrested Thursday night by Federal Agents at his home in Portland, Oregon, as part of an ongoing insider-trading investigation.
The researcher was charged with illegally providing hedge funds tips as a part of his consulting service.
It is reported by Reuters that, Kinnucan between the years 2008 and 2010 paid insiders with cash, trips and other perks to get secret information, including sales trends for Apple Inc’s iPhone.
A few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More