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15

Pro Tip: Keep The People Fraudulently Inflating Your Valuations Happy

By Tony Seruga

It seems Visium Asset Management didn’t in the case of junior trader Jason Thorell, who apparently decided that if the hedge fund wouldn’t pay him for his alleged misdeed, maybe the SEC and Justice Dept. would. And now Thorell has immunity and a possible handsome payday coming his way, and Visium is no more.

This thing? Oh, pay no mind. By ????? (Own work) [Public domain or Public domain], via Wikimedia Commons Don’t worry about it. via Wikimedia Commons

A former trader at Visium Asset Management LP told an ex-colleague that one of his first stops after leaving the firm was the SEC. What he didn’t say was that he had turned on his former co-workers and was secretly recording their conversations for the FBI….

In many ways, Thorell, now 38, fits the mold of a whistle-blower — many of whom are disgruntled former workers eager for reward and perhaps vindication because of the alleged misdeeds of an ex-employer….

Pro Tip: Keep The People Fraudulently Inflating Your Valuations Happy

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