James Fleishman, a sales manager at Primary Global, where the three men worked as consultants, also was arrested at the time. If convicted, all four face as long as 20 years in prison.
By Bloomberg, December 30, 2010
A former Primary Global Research LLC expert-networking consultant was charged by U.S. prosecutors in Manhattan with selling inside information to portfolio managers at three unidentified hedge funds.
Winifred Jiau, arrested in Fremont, California, as part of a national probe of insider trading, was accused of selling data on Nvidia Corp. and Marvell Technology Group Ltd., makers of computer components, through Primary Global, according to a filing yesterday in Manhattan federal court. The hedge funds paid her $200,000 through the firm, prosecutors said.
Jiau, 43, is the seventh person connected to Primary Global to be charged in a U.S. insider trading investigation that has ensnared company employees and consultants. The Jiau complaint shows prosecutors are gathering evidence of alleged insider trading against hedge fund employees.
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