Friday, May 27, 2011
The feds have another notch on its belt in its ongoing investigation of insider-trading at expert-networks firms. Sonny Nguyen, a former Nvidia financial analyst, pleaded guilty today to providing tips on the firm's earnings between 2007-08 to Winifred Jiau, a former consultant with Primary Global Resources, in exchange for other stock tips. Ms. Jiau's trial is scheduled to begin soon, and he is expected to testify as a government witness.
In addition, another individual, Sam Barai, a former hedge fund manager, is expected to plead guilty this afternoon.