Visium Informant Worked Hard For The Money

There are two types of people in life: the ones who, when confronted with the opportunity to wear a wire and record their colleagues incriminating themselves in order to help the government build a case, do the bare minimum. Maybe they accidentally leave their wires on the kitchen table on more than a few occasions. Other times they forget to hit play and record at the same time. And in general, they make an effort to catch their co-workers saying damning things only when it's convenient for them. Then you have the people who treat the gig like they're auditioning for a high level position in the NSA. Jason Thorell fell into the latter category.

A former trader-turned-informant secretly recorded more than 125 conversations with former colleagues for hedge fund firm Visium Asset Management LP and others spanning more than 200 hours, according to a court filing. The informant, previously identified by Bloomberg News as junior trader Jason Thorell, spent more than two years cooperating with the U.S. Securities and Exchange Commission and FBI. He stands to receive a payout under the SEC’s whistle-blower program. The court filing identifies him only as "CC-1."

Visium Hedge Fund Informant Recorded 125-Plus Conversations [Bloomberg]