Jiau Loses Bid to Reverse Conviction in Insider-Trading Case
Winifred Jiau, a former consultant with expert networking firm Primary Global Research LLC, lost a post-trial bid to overturn her convictions on charges related to insider-trading.
U.S. District Judge Jed Rakoff denied Jiau’s motion for an acquittal or a new trial in federal court in Manhattan, where she was convicted June 20 of conspiracy and securities fraud.
The jury found her guilty of passing information regarding earnings and other matters on Nvidia Corp. (NVDA) and Marvell Technology Group Ltd. to hedge fund managers Noah Freeman, a former SAC Capital Advisors LP portfolio manager, and Samir Barai, founder of New York-based Barai Capital Management LP.
Jiau, of Fremont, California, faces as long as 25 years in prison when she is sentenced by Rakoff.
The case is U.S. v. Jiau, 11-cr-00161, U.S. District Court, Southern District of New York (Manhattan).
To contact the reporters on this story: David McLaughlin in New York federal court at dmclaughlin@bloomberg.net; David Voreacos in New York federal court at dvoreacos@bloomberg.net.
To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net.
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