Seventh Person Arrested In Insider Probe Accused Of Selling Info To Hedge Funds

Dec 30 2010 | 12:58pm ET

Winifred Jiau was arrested Tuesday at her Fremont, Calif., home. Prosecutors say she sold confidential information about at least two companies to two hedge fund managers working at two different hedge funds.

Jiau passed "on point and accurate" information about quarterly results from Marvell Technology Group to the two hedge fund traders, one of whom work at two separate hedge funds in May 2008, prosecutors said.


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