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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...