Expert Network Tipster Pleads Guilty

Dec 8 2011 | 3:24am ET

A former accountant pleaded guilty yesterday to passing confidential tips about his then-employer that wound up in the hands of a trio of hedge fund managers.

Stanley Ng pleaded guilty to one count of conspiracy to commit fraud. He admitted to providing Primary Global Research consultant Winifred Jiau with non-public information about Marvell Technology Group, information she in turn sold to clients, including the three hedge fund managers.

Jiau was convicted of insider trading in June, two months before Ng's arrest. Jiau was sentenced to four years in prison.

For his part, Ng faces up to five years, although prosecutors said that Ng's plea agreement calls for between six months and one year.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of