Expert Network Tipster Pleads Guilty

Dec 8 2011 | 2:24am 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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note