Bloomberg News

Hedge Fund Expert-Networker Convicted in Insider Trading Case

June 20, 2011

June 20 (Bloomberg) -- Winifred Jiau, a former consultant with expert networking firm Primary Global Research LLC, was convicted in the third trial to result from a U.S. government crackdown on insider trading tied to hedge funds.

Jiau, 43, who provided industry information to financial clients, was charged with conspiracy and securities fraud in Manhattan federal court for passing inside tips about Nvidia Corp. and Marvell Technology Group Ltd. to hedge fund managers.

She was one of several dozen people charged in overlapping insider rings stemming from the probe of New York-based hedge fund Galleon Group LLC. The cases implicated hedge funds, banks, technology firms and consultants such as Jiau.

Galleon co-founder Raj Rajaratnam was convicted May 11 of directing the largest hedge fund insider trading ring and faces almost 20 years in prison at his July 29 sentencing. Ex-Galleon trader Zvi Goffer was convicted with two others June 13 on related charges and faces a similar sentence Sept. 21.

The case is U.S. v. Jiau, 11-cr-00161, U.S. District Court, Southern District of New York (Manhattan).

--Editors: David E. Rovella, Mary Romano

To contact the reporter on this story: Patricia Hurtado in New York federal court at pathurtado@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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