Jiau Convicted For Selling Insider Tips

Law360, New York (June 20, 2011, 1:13 PM EDT) -- A jury in New York found former Primary Global Research LLC consultant Winifred Jiau, 43, guilty on Monday of conspiracy and securities fraud for selling hedge fund managers tips about technology company earnings in advance of public announcements.

The 12-member jury delivered its verdict in New York federal court just after 11 a.m., following slightly more than a day of deliberations. After the proceedings, jurors told reporters that no one had any doubts about the verdict, but that it was a difficult decision.

“It was despairing...
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