Saturday, 25 October 2014
Last updated 1 day ago
Mar 3 2011 | 11:14am ET
Even if Winifed Jiau could come up with a half-million dollars, the accused insider-trading tipster isn't going anywhere.
Jiau, a former consultant for Primary Global Research accused of passing confidential information on to at least two hedge funds, saw her $500,000 bail revoked yesterday after prosecutors offered new evidence that she is a flight risk. According to the authorities, the dual U.S.-Taiwanese citizen, in a conversation with a friend, dropped coded hints in Chinese that she was planning to flee.
The friend was allegedly involved with Jiau's plans to skip bail, and was part of the group that Jiau hoped would help her post bail. In the Jan. 13 conversation, Jiau allegedly told her friend that she had moved some possessions, including possibly cash, to Beijing in October.
Prosecutors also pointed out that Jiau did not disclose that she had $20,000 in cash stowed at her California residence when she was arrested and that she had moved more than $100,000 from a bank account a month earlier.
Jiau has pleaded not guilty to the securities fraud charges against her. She has been jailed since her arrest in December.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.