Jeffrey Thorp
PER
Jeffrey Thorp Thorp
The complaint against Jeffrey Thorp and three hedge funds he ran such as Langley Partners, North Olmstead Partners and Quantico Partners, says that in 22 deals, PIPE shares were improperly used to cover short positions, often with elaborate ruses aimed at making the tactic hard to discover. Mr. Thorp was accused of illegal insider trading by shorting the stocks before the PIPE deal was disclosed to the public. Mr. Thorp, 42, of New York and the funds settled the case without admitting or denying the S.E.C. allegations. Mr. Thorp also agreed to talk to the S.E.C..