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BioWorld - Sunday, May 18, 2025
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Home » Investment fund founder accused of using insider tips as gifts, employee benefits
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Investment fund founder accused of using insider tips as gifts, employee benefits

July 26, 2023
By Mari Serebrov
A British billionaire who’s the founder and principal owner of the Tavistock Group, an international private investment fund with a portfolio that includes biotech companies, was arrested July 26 on multiple criminal charges of U.S. securities fraud, along with two private pilots whom allegedly received insider tips from him in lieu of a formal retirement plan.
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