Witness In Jiau Trial Admits To Evidence Destruction

Law360, New York (June 14, 2011, 5:20 PM EDT) -- A former analyst who testified that ex-Primary Global Research LLC consultant Winifred Jiau gave financial secrets to his hedge fund told jurors in New York on Tuesday that he destroyed evidence regarding other tipsters after learning of a massive insider trading probe.

Jason Pflaum, who formerly worked at Barai Capital Management, testified in Manhattan federal court that his firm opted to “clean up some of our contacts that are questionable” after learning of charges associated with Galleon Group LLC – whose founder Raj Rajaratnam was convicted...
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