Whitman Capital LLC’s president was charged with taking part in two separate insider-trading conspiracies, using illegal tips on Google, Polycom and Marvell Technology Group to make more than $900,000 for his hedge fund.

Doug Whitman traded on information he got from two sources, including one who already admitted to sharing tips with Galleon Group LLC co-founder Raj Rajaratnam, according to an indictment filed yesterday in Manhattan federal court. The Securities and Exchange Commission also sued Whitman, 54, and his Menlo Park, Calif.-based hedge-fund firm for insider trading.

Whitman is charged with two counts of conspiracy to commit securities fraud and two counts of securities fraud.