![Bloody knife. [Shutterstock/NeagoneFo]](https://images.dailycaller.com/image/width=960,height=411,fit=cover,f=auto/https://cdn01.dailycaller.com/wp-content/uploads/2016/06/shutterstock_377298616-e1466615827557.jpg "Bloody knife. [Shutterstock/NeagoneFo]")
A hedge fund manager who was charged last week with insider trading was found dead Monday night after apparently having slit his own throat.
Sanjay Valvani was a manager at Visium Asset Management LP, but his career came crashing down last week when he was hit with several fraud charges for allegedly making over $25 million by obtaining advance notice concerning FDA approval for generic drugs. Valvani pleaded not guilty to the charges and was freed after paying a $5 million bond. Meanwhile, Visium announced Friday it was shutting down its operation, a stunning collapse for what was once an $8 billion operation.
Valvani’s wife found his body Monday evening, facedown on the floor with a gash in his neck. A knife and suicide note were found next to his body. An official cause of death hasn’t been assigned yet, but police said it would likely be ruled a suicide.
It’s not clear what effect Valvani’s death will have on the broader federal investigation of Visium.
Send tips to blake@dailycallernewsfoundation.org.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.