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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note