The fund managers were Noah Freeman and Samir Barai, who both pleaded guilty in early 2011.

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The hedge fund clients, Samir Barai and Noah Freeman made trades off of that information and made millions.

FORBES: Former Marvell Analyst Gets Probation on Insider Scheme

Noah Freeman is a cooperating witness and is awaiting sentencing for his role in getting inside information from consultants hired by the expert network firm Primary Global.

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Another former SAC fund manager, Noah Freeman, 35, has pleaded guilty to securities fraud and conspiracy in connection with his work at SAC, is cooperating in the government and recorded conversations with Longueuil.

FORBES: SAC Capital Case A Classic Fed Pincer Move

The other manager, Noah Freeman, recorded Mr. Longueuil describing how he destroyed external computer drives in a panic after reading a Wall Street Journal article detailing the government's investigation, according to a criminal complaint against Mr. Longueuil.

WSJ: 'Guilty' Verdict Set to Embolden Prosecutors

Donald Longueuil and Noah Freeman were tight.

WSJ: They Were Best of Friends, Until the Feds Showed Up

Manhattan U.S. Attorney Preet Bharara could not have been more withering yesterday in his attack on what he depicted as a culture of fraud on Wall Street, as he gave a press conference announcing insider-trading charges against three hedge fund managers, Noah Freeman and Donald Longueuil, formerly of SAC Capital Advisors, and Samir Barai, who ran Barai Capital Management.

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