Fri, 10 Feb 2012, 9:38am PST
Oh.. its just a tip of the iceberg...several inside employees, part of a larger network, who had access --and no ethics-- feed the info outside.
Stanley Ng, a former finance manager at Marvell Technology, was arrested and charged with conspiracy to commit insider trading for allegedly providing secret corporate earnings information to an expert network consultant before the results were publicly announced.
Mr Ng, 42, was arrested by Federal Bureau of Investigation agents at his home in Cupertino, California, at about 6.30am on Wednesday local time without incident, the FBI said.
Sonny Nguyen, a former employee in Nvidia’s finance department, met Ms Jiau when they worked for Nvidia. Ms Jiau recruited Mr Nguyen to join her investment club. Mr Nguygen in turn recruited Mr Ng, who served as the Securities and Exchange Commission reporting manager at Nvidia, according to the criminal complaint.
Mr Nguyen named Mr Ng as a source of secret company information during Ms Jiau’s trial. Mr Nguyen pleaded guilty and is co-operating with the government.
In exchange for the information, it is claimed that Ms Jiau took the men to lunch at the Cheesecake Factory restaurant and passed secret information she learnt from other sources, according to the criminal complaint.
APOCALYPSEFUCK is Tony Manero says
What does it mean if he's not convicted and stuffed into a supermax to be dismembered by neonazi serial killers?
Im with you AF Tony!