By Shira Ovide
Our Journal colleagues today spun a narrative about a friendship torn asunder by criminal charges of insider trading. Donald Longueuil and Noah Freeman –- two hedge fund traders who shared a friendship, confidences about romances and a love of speed skating -– now are facing charges of receiving illegal insider tips about technology companies.
(At 2 p.m. ET, the Journal is hosting a live chat about the government’s wide-reaching probe of insider trading. Ask your questions and catch the conversation HERE with four of the Journal’s experts on Wall Street.)
In December, Freeman met with his friend at Longueuil’s New York apartment. As our Journal colleagues reported, that meeting was a sting operation set up by federal investigators, and the FBI outfitted Freeman with a hidden recording device. According to the indictment against Freeman, Longueuil and two others, here is what was captured by Freeman’s secret recording of his friend:
- Court filing
Well, I think it’s about time that people start doing the time for their actions. In other words, be accountable for your actions. About selling out a friend, as I go through life I see that all people are “doing what is best for #1″ . I say just cover your own butt and be fair cause others will certainly take advantage of ya thats for sure.
If I had to switch places with one of these dudes, I’d rather be the one going to the pokey than the one who sold out his friend.