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Don Chu, Expert Networker, Charged in Insider Ring

Don Ching Trang Chu was arrested today on charges he arranged for insiders at publicly traded companies to improperly provide information to hedge fund clients of the consulting firm where he worked.

U.S. prosecutors in New York claim in a complaint unsealed today that Chu, 56, established a relationship with Richard Choo-Beng Lee, a former partner at San Jose, California-based Spherix Capital LLC. Lee was employed as an analyst by SAC Capital Advisors LLC, the hedge fund firm run by Steven Cohen, from 1999 to 2004.