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

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.