Fleishman Convicted In Expert-Network Case

Sep 21 2011 | 2:35am ET

Former Primary Global Research sales executive James Fleishman was found guilty of insider-trading charges yesterday, the 14th of the 15 people charged in the case to be convicted or to plead guilty.

It took a Manhattan jury just six hours to reach its verdict on the two counts of conspiracy. Fleishman faces up to 25 years in prison when he is sentenced on Dec. 21; he remains free on bail until then.

The jury was given the case yesterday after a two-and-a-half week trial that featured wiretapped phone calls and several cooperating witnesses, including former Primary Global consultants. Prosecutors accused Fleishman of connecting money managers, including hedge fund managers, with corporate insiders to facilitate the exchange of confidential information. They said he earned more than $800,000 between 2008 and 2010.

Fleishman’s lawyer countered that his client was an honest salesman who could not have known that his experts were passing material, non-public information.

Fleishman is the second person convicted in the case; Winifred Jiau, a former consultant for Primary Global, was convicted in June. She is scheduled to be sentenced today.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Sponsored Content

Editor's Note