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

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.