Three Insider-Trading Suspects Remain Free On Bail

Jan 5 2011 | 9:43am ET

Three of the seven people charged in Justice Department’s wide-ranging insider-trading probe had their bail terms upheld in their first appearances in Manhattan federal court.

U.S. Magistrate Judge James Francis continued all three defendants’ bond conditions. The three men, James Fleishman, Mark Longoria and Walter Shimoon, were arrested last month and released by judges in California and Texas. The conspiracy and fraud charges against the three were transferred to Manhattan federal court.

Fleishman was a salesman at expert network firm Primary Global Research, and the other two men were consultants for the firm. All seven of those arrested in the case—one has already pleaded guilty—were associated with Primary Global.

Fleishman, Longoria and Shimoon have yet to enter pleas. Each faces up to 20 years in prison if convicted.

Fleishman is free on $700,000 bond, Shimoon on $150,000 and Longoria on $50,000.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.