Federal authorities arrested Fremont, Calif., resident Winifred Jiau Tuesday on charges related to her involvement in an insider trading scheme. Jiau has been charged with conspiring to commit securities fraud and engaging in securities fraud by selling material nonpublic information about publicly traded companies. Between 2006 and December 2008, Jiau obtained inside information, including detailed financial earnings, about multiple publicly traded companies including Nvidia and Marvell, according to U.S. Attorney Preet Bharara, Southern District of New York.
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Sweeping Federal Insider Trading Probe Yields Another Arrest
Posted by: Rob Spiegel December 30, 2010 09:26 AMFederal authorities arrested Fremont, Calif., resident Winifred Jiau Tuesday on charges related to her involvement in an insider trading scheme. Jiau has been charged with conspiring to commit securities fraud and engaging in securities fraud by selling material nonpublic information about publicly traded companies. Between 2006 and December 2008, Jiau obtained inside information, including detailed financial earnings, about multiple publicly traded companies including Nvidia and Marvell, according to U.S. Attorney Preet Bharara, Southern District of New York.