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No bail granted to US woman accused of insider trading
A FEDERAL magistrate refused to grant bail on Monday to a California woman charged with leaking inside information about technology companies.
Prosecutors accuse Winifred Jiau of selling inside information about publicly traded companies, including computer chipmakers Marvell Technology Group and Nvidia to hedge funds, including the founder of a New York fund that prosecutors did not identify. Prosecutors allege Jiau sold information through an expert network firm, in exchange for more than $200,000 of payments funneled through that firm.
Federal prosecutors are also involved in talks that could lead to a possible “disposition” of charges filed against a former executive with expert network firm Primary Global Research.