Primary Global's Chu Pleads Guilty

Jun 7 2011 | 2:21pm ET

Another Primary Global Research consultant will plead guilty in the Justice Department's expert-network insider-trading case.

Don Ching Trang Chu, the first of 13 people arrested in the case, is to enter his plea today. Chu is charged with passing tips about three companies to former SAC Capital Advisors trader Richard Choo-Beng Lee—serving as a link between the expert-network case and the Galleon Group case.

Chu is expected to plead guilty to conspiracy charges.

Chu served as the Taiwan liaison for Primary Global Research. He is the ninth person in the case to plead guilty, his plea coming during the second week of the first trial stemming from that investigation, of fellow ex-Primary Global consultant Winifred Jiau.

Chu was arrested on Nov. 24.

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...