Expert-Networker Jiau Convicted In Insider Case

Jun 20 2011 | 1:47pm ET

Federal prosecutors scored their third insider-trading jury verdict in the past two months today with the conviction of accused hedge fund tipster Winifred Jiau.

A Manhattan jury found Jiau guilty of one count of conspiracy to commit securities fraud and one count of securities fraud. The government had accused the former Primary Global Research consultant of selling confidential information about two technology companies to two hedge fund managers.

Jiau, who has been jailed since her arrest last year, is the first person to face trial in the Justice Department's crackdown on expert networks. A total of 13 people have been charged in that case; eight have pleaded guilty, including several of the witnesses against Jiau during the two-week long trial.

The jury took just two days to find Jiau guilty, having been handed the case on Friday.

Jiau's lawyer, Joanna Hendon, said she would file an appeal after Jiau is sentenced on Sept. 21.

Jiau's conviction follows those of four men in the Galleon Group insider-trading case over the past two months. Galleon founder Raj Rajaratnam went down last month, while Zvi Goffer, Emanuel Goffer and Michael Kimelman were convicted one week ago.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note