New York Paralegal Blog

PREET BHARARA, the United States Attorney for the Southern District of New York, announced that WINIFRED JIAU, a/k/a “Wini,” a consultant at an expert-networking firm, was sentenced today in Manhattan federal court to four years in prison for her participation in an insider trading scheme in which she sold material, nonpublic information (“Inside Information”) about publicly traded companies to multiple hedge funds for the purpose of executing profitable securities transactions. JIAU was convicted on June 20, 2011, after a twoweek jury trial. U.S. District Judge JED S. RAKOFF presided over the trial and imposed today’s sentence.

PREET BHARARA, the United States Attorney for the Southern District of New York, and JANICE K. FEDARCYK, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced that WINIFRED JIAU, a/k/a “Wini,” was arrested yesterday afternoon on charges relating 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 (“Inside Information”) about publicly traded companies to multiple hedge funds for the purpose of executing profitable securities transactions. According to the Complaint unsealed today in Manhattan federal court: Between 2006 and December 2008, JIAU obtained Inside Information, including detailed financial earnings, about multiple publicly traded companies, including NVIDIA Corporation (“NVIDIA”) and Marvell Technology Group, Ltd. (“Marvell”). JIAU sold that information to portfolio managers ...