Ex-Diamondback Manager Gets Probation in Insider Case

Ex-Diamondback Manager Gets Probation in Insider CaseEx-Diamondback Capital Management LLC portfolio manager Anthony Scolaro was sentenced to three years of probation for participating in an insider-trading scheme with a former Galleon Group LLC fund manager.

Scolaro provided “substantial assistance” to the government in a probe of hedge-fund insider trading, including by making at least 43 calls that were monitored by the Federal Bureau of Investigation, Assistant U.S. Attorney Antonia Apps said today at a hearing in Manhattan federal court.

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