Former Florida hedge fund manager charged with insider trading, again

By Nate Raymond

BOSTON (Reuters) -A former Miami-based hedge fund manager was arrested on Friday after federal prosecutors revived an insider trading case they had been forced to drop in 2022 after a key witness withdrew from an agreement to testify against him.

Federal prosecutors in Boston said Kris Bortnovsky, co-founder of Sakal Capital Management, earned over $4 million by placing illegal trades based on tips he received from among others a friend whose family held investments and leadership roles in retailers like DSW owner Designer Brands…

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