Remember Noah Freeman? To recap, he’s the former SAC trader who, in addition to taking part in an insider trading scheme, committed an arguably worse** crime (within a crime) when he stabbed his best friend, Donald Longueuil in the back. Despite splitting the work of obtaining and trading on material non-public information from a lobster-loving tyrant 50/50, Judas Freeman decided that Don, the guy who served as best man at his wedding and who prior to that happy day, helped him “get out of bed in the morning” following a bout of depression on account of being dumped by his previous fiancée, should be the one to take the brunt of the punishment. That’s why he agreed to wear a wire and coax Longueuil into incriminating himself on tape on four separate occasions, which finally paid off when Don gave Judas a riveting blow by blow account of exactly how he destroyed evidence of the insider trading they both took part in.

In exchange for selling his friend down the river, Freeman was given permission to go on vacation with his wife (first to Puerto Rico, then the U.S. Virgin Islands, which he’d been looking forward to for months). Now, at first glance, this seems fairly ice cold. Colder than the ice Judas and Don once glided down, hand in hand, even. One might even get the impression that Judas believed  friends who will not only share your interest in ice skating but who will nurse you back to health following an emotional breakdown and give a bang-up speech at your wedding grow on trees. But maybe it didn’t go down like that? Maybe Judas tried desperately to avoid betraying the one person who was always there for him? Maybe he told the Feds they could go to hell and he didn’t jump at the chance to save himself on the back of Donald? Unfortunately, the evidence suggests otherwise.

“For the best FBI agents, it’s the prep work that goes into making sure their approach of a cooperator works, to understand every facet of this person’s life, everywhere they go,” Chaves said. “Because there’s the element of surprise, and the agent is there waiting for you outside your dry cleaner and says, ‘Hey, listen, we need to talk to you.’ The image that portrays to a would-be cooperator is ‘These guys have done their homework and they’ve got me.’” Case agents working for Carroll and Chaves are advised to learn everything they can about suspects and individuals they intend to talk into cooperating, Chaves said — everything from whether they favor “Dunkin’ Donuts or Starbucks and where they eat lunch.” Freeman said FBI agents “flipped” him when he found them waiting by his car in the parking lot of the New England prep school where he worked, after he had left SAC. They played him a recording of his own voice as he was committing insider trading.

Sounds like it would’ve been a nice opportunity to teach some impressionable young ladies about 1) not letting people intimidate you and 2) a little thing called loyalty. Instead, Judas choose door number three.

After that, he gave agents information on at least a dozen people with whom he allegedly committed crimes.

If anyone is interested in applying for the newly vacated position of best friend of a guy who will expect you to be there when his chips are down but who is at the drop of a hat willing to destroy your life in order to save his own, resumes are now being accepted. Salary commensurate with experience; time spent as a human footstool or as a ‘slave’ in the BDSM world are plusses.

FBI Runs ‘Perfect Hedge’ to Nab Inside Traders [Bloomberg]
Earlier: Donald Longueuil And Noah ‘Judas’ Freeman: A Bromance Betrayed
Related: Alleged Insider Trader Noah Freeman Has Likely Broken Hundreds Of Underage Girls’ Hearts Today

**As we have said in the past, in descending order of seriousness/things for which you should have trouble looking in the mirror:
>>Stabbing your best friend in the back
>>Securities violations

19 comments (hidden to protect delicate sensibilities)
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Comments (19)

  1. Posted by Bandersnatch | December 20, 2011 at 1:33 PM

    Your article makes me thing that there may be some correlation between being a criminal and being untrustworthy.

  2. Posted by guest | December 20, 2011 at 1:35 PM

    The mafia doesn't rat people out.

  3. Posted by guest | December 20, 2011 at 1:35 PM

    I wouldn't have done it to him. Just sayin.

    -Big D

  4. Posted by Rumor has it | December 20, 2011 at 1:40 PM

    Forget about lobsters, I see a package of dead fish wrapped in newspaper in the guys future….just sayin'

  5. Posted by Judas | December 20, 2011 at 1:59 PM

    Woah! Don't compare me to this guy. It took more than a trip for me to sell out my own.

  6. Posted by momentus | December 20, 2011 at 2:03 PM

    Noah, call me.


  7. Posted by Whoops | December 20, 2011 at 2:11 PM

    Damn right it doesn't.

    –UBS Witness Potection Quant

  8. Posted by Guest | December 20, 2011 at 2:18 PM


    I think you got the order of crimes mixed up. It should be:

    1. Snitchin
    2. Murder
    3. Securities violations

    – Carmelo Anthony

  9. Posted by Guest26 | December 20, 2011 at 2:23 PM

    I once had a friend like this who called himself Donnie Brasco.


  10. Posted by geoffgeoffgeoff | December 20, 2011 at 2:25 PM

    Snitches get stitches.

    -Guy That Has A Desktop Set Up In The Tombs

  11. Posted by florida | December 20, 2011 at 3:43 PM

    I’m shocked – shocked! – that someone in the securities industry would so blindly follow their own self-interest rather than sacrifice themselves for a friend. What has happened to our ethical code?

    -B. Madoff

  12. Posted by What about his legitimate years? | December 20, 2011 at 4:57 PM

    From hedge fund trader to…New England prep school employee…


  13. Posted by sbarrkum | December 21, 2011 at 9:41 AM

    Raj didnt snitch or wear a wiretap.

    “There are two types of plea bargains. One is, you cooperate with the government. You finger 10 other people. The other is a plea bargain without cooperation.” The white defendants all pleaded without cooperating; they did not wear a wire. “The South Asians (non Sri Lankan) all did the plea bargain with fingering,” he notes sourly.

  14. Posted by Guest | December 21, 2011 at 4:32 PM

    Posting a link to World Star on DB is the NKI

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