Hedge Fund Tipster Jiau Won't Be Freed

Aug 9 2012 | 8:52am ET

Convicted insider-trader Winifred Jiau will have to wait out her appeal from behind bars.

U.S. District Judge Jed Rakoff, who presided over her trial earlier this year, rejected her request to be freed on bail pending her appeal. "The evidence presented at trial was more than sufficient for the jury to find Jiau guilty," Rakoff wrote. "None of Jiau's other contentions are sufficiently likely to result in reversal, a new trial or a reduced sentence."

And Rakoff made it clear that the bail request would be the last he'd accept from Jiau without a lawyer's help.

"All future pro se motions will be returned unread," he wrote.

Jiau was convicted in June of conspiracy and securities fraud for selling confidential information about two technology companies to two hedge fund managers. She is just one of more than a dozen people charged in a case related to expert-network Primary Global Research, which Jiau formerly served as a consultant.

Jiau is serving her four-year sentence at a Dublin, Calif., federal prison.


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