Visium Hedge Fund Manager Sanjay Valvani, Charged in Insider Trading Case, Found Dead of Apparent Suicide

Former Visium hedge fund manager Sanjay Valvani, who was recently charged by the Department of Justice with insider trading, was found dead Monday evening of an apparent suicide.

New York Police confirmed Valvani's death from a likely suicide, saying he died after a slash to the neck. Police were called to Valvani's Brooklyn residence Monday night.

Dow Jones first reported the news.

Valvani was charged last week with trading on confidential tips about FDA drug approvals from in or about 2005 through in or about January 2011. The United States Attorney for the Southern District of New York, Preet Bharara, said Valvani made $25 million by getting advanced tips on U.S. drug approvals. The inside information was passed by Gordon Johnston, a consultant who got tips from a friend and former FDA colleague working at the FDA.

Valvani was 44.

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