Jiau, Accused Of Passing Tips To Hedge Funds, Pleads Not Guilty

Feb 24 2011 | 10:42am ET

Winifed Jiau, the former expert-network consultant and one of a dozen people charged in the U.S. Justice Department's massive insider-trading investigation, has pleaded not guilty.

Jiau, the seventh person arrested in the case, is charged with conspiracy and securities fraud and faces more than 20 years in prison if convicted. She is accused of passing confidential information about at least two companies to two hedge fund employees. One of those men, Noah Freeman, a former portfolio manager at SAC Capital Advisors, Sonar Capital Management and Brookside Capital, has already pleaded guilty in the case and is cooperating with prosecutors.

Jiau was arrested in late December and has been jailed since then. She may remain there: Jiau failed to post the $250,000 bail set for her at the time of her arrest, and U.S. District Judge Robert Patterson in New York yesterday raised that figure to more than $500,000.

Prosecutors had argued that Jiau, a dual U.S.-Taiwanese citizen, should be held without bail.

Jiau worked for expert-networking firm Primary Global Research, and is one of eight people with ties to that firm to be arrested or charged in the case.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR