Wednesday, November 24, 2010

"Expert Network" Employee Arrested

U.S. prosecutors have arrested today an employee of an "expert networking firm" on charges that he promoted the firm's services by arranging for corporate executives to leak inside information to hedge funds.


UPDATE: According to a complaint unsealed in Manhattan federal court, prosecutors claim that Don Ching Trang Chu, also known as Don Chu, who worked at California-based Primary Global Research, had arranged for hedge funds to get tips on companies including Atheros Communications, Broadcom Corp and Sierra Wireless.

Chu was arrested because he was scheduled to depart to Taiwan on Nov. 28, according to the U.S. attorney's office.

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