Feds Arrest Accused Tipster In Expert-Network Case

Aug 11 2011 | 11:29am ET

The Justice Department has arrested another corporate insider as part of its crackdown on expert networks.

Stanley Ng, a former employee of Marvell Technology Group, was arrested yesterday in California and charged with passing confidential information about his employer to former Primary Global Research consultant Winifred Jiau. Jiau was convicted of selling those tips to hedge funds in June.

Ng's name had come up at Jiau's trial: Another of Jiau's sources, Sonny Nguyen, formerly of Nvidia Corp., testified that he and Ng had taken up Jiau's suggestion to form an "investment club" in which they'd share insider information. Nguyen is one of 12 people in the case to plead guilty.

Ng was released on $50,000 bond. His arrest comes just weeks before the last of the first 14 people charged in the case, former PGR salesman James Fleishman, is to go on trial.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...