Arrested analyst allegedly tipped off hedge fund to Microsoft deal

Arrested analyst allegedly tipped off hedge fund to Microsoft deal

Federal authorities have arrested a financial analyst who shared inside information about a 2009 advertising deal between Microsoft and Yahoo. He allegedly got the tip from a Microsoft executive.

NEW YORK — A financial analyst provided inside information about a blockbuster deal between Microsoft and Yahoo to a portfolio manager at a hedge fund that’s become the target of a sweeping investigation, authorities said Tuesday.

Federal prosecutors in New York announced the securities-fraud charges against Sandeep Aggarwal a day after he was arrested in San Jose, Calif. There was no immediate response to a phone message left Tuesday with his attorney.

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