Expert Networker Gets 1 Year For Passing Abaxis Tips

Law360, New York (March 14, 2013, 8:47 PM EDT) -- A former expert networking consultant who passed confidential information about biotechnology company Abaxis Inc. to hedge fund clients was sentenced Thursday by a New York federal judge to one year and one day in prison.

Tai Nguyen, 50, admitted that he passed tips from his sister, an assistant comptroller at Abaxis, to hedge fund managers Noah Freeman and Samir Barai through his Mountain View, Calif.-based expert networking firm, Insight Research LLC.

Expert networking firms connect financial professionals to corporate insiders for a fee. The information exchanged is...
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