Thanks to a friend in investment banking, hedge fund manager Joseph Contorinis is charged with investment fraud. Using inside information from his buddy, Contorinis allegedly made illegal trades. Although he managed to rake in $7 million, that cheat and win streak is over. Investment News has the story. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091106/FREE/911069980/1094/INDaily01
