A former portfolio manager at Visium Asset Management LP has been convicted of securities and wire fraud charges. The Southern District U.S. Attorney's Office said he conspired in a scheme to artificially inflate by tens of millions of dollars the value of a fund made up of debt instruments issued by health care companies.
January 20, 2017 at 04:01 PM
1 minute read
A former portfolio manager at an asset management firm has been convicted of securities and wire fraud charges.
Stefan Lumiere, who worked at Visium Asset Management LP, was convicted by a Southern District jury Thursday that deliberated less than two hours.
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