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First Hedge Fund Arrest Made

The day before Thanksgiving, the feds have arrested Don Chu in the hedgefund insider trading investigation. He is charged by complaint (no Indictment yet.)

Why today? CNBC says he was planning on traveling to Taiwan next week. Via the Wall St. Journal:

Here’s the WSJ’s ongoing coverage of the arrest and what it means. Read here, here, here, here and here for LawBlog stories on what’s happened so far in the investigation.

Highlights from the complaint are here.

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