Fiona Schumann Faces Lasting Consequences From Insider Trading

Fiona Schumann, a former private equity managing director at Corsair Capital, was raided by federal agents in January 2015 amid insider-trading allegations. Prosecutors secured an eight-count conviction in 2018; she began a 33-month sentence in 2019 and was released in 2021, a saga that highlighted securities-fraud risks in private equity and drove public and cultural scrutiny.