Bloomberg says that former Primary Global Research LLC consultant Don Ching Trang Chu pleaded guilty and admitted helping employees of public companies pass confidential information to the expert networking firm’s hedge fund clients.
Chu, 57, pleaded guilty to conspiracy to commit securities fraud and conspiracy to commit wire fraud in a hearing yesterday before U.S. District Judge Jed Rakoff in New York.
Chu worked as the Taiwan liaison for Mountain View, California-based Primary Global before he was arrested in November. He told Rakoff that inside information was shared with former SAC Capital Advisors LP portfolio manager Noah Freeman and Sam Barai, founder of Barai Capital Management LP.
Read more at
http://www.bloomberg.com/news/2011-06-07/former-primary-global-consultant-don-chu-to-plead-guilty-court-clerk-says.html
No comments:
Post a Comment