Alleged Jiau Tipster Appears In N.Y. Courtroom

Aug 29 2011 | 1:25pm ET

Stanley Ng, accused of passing confidential information to a Primary Global Research consultant who then sold it to hedge funds, remains free on bail after a New York federal court approved his $50,000 bond.

Ng was arrested at his California home earlier this month, the 15th person to be charged in the Justice Dept.'s crackdown on expert networks. He was accused of passing information about his former employer, Marvell Technology Group, to Winifred Jiau, who was convicted in June of selling those tips to two hedge funds.

Ng was released on a $50,000 bond after his arrest. Friday marked his first appearance in court in New York; his bail is to be secured by $50,000 in property.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?