Ex-Marvell Employee Gets 2 Years Probation in Stock Case
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May 9 (Bloomberg) -- Former Marvell Technology Group Ltd.accountant Stanley Ng was sentenced to two years’ probation forhis role in an insider-trading scheme involving so-called expertnetworking firms.
Ng, who was the Securities and Exchanges Commissionreporting manager for Hamilton, Bermuda-based Marvell, pleadedguilty in December, admitting that he passed information aboutthe chipmaker’s earnings in 2007 and 2008 to two members of an“investment club” that prosecutors said was set up to tradeillegal stock tips.