Three men arrested in December during the authorities’ wild crackdown on insider trading have been granted bail. Walter Shimoon, James Fleishman and Mark Longoria, all arrested on Dec. 16, but were set free today by U.S. Magistrate Judge James Francis. Mr. Shimoon carried a bounty of $150,000 and Mr. Longoria a relative pittance of $50,000. Read More
Winifred Jiau, the former consultant for expert-networker Primary Global who was arrested last week as part of the massive U.S. probe into insider trading, was today denied bail by a federal magistrate, according to Reuters. The decision has got to sting for Ms. Jiau, since she had previously been granted bail in exchange Read More
The government’s quest to squelch insider trading has taken another step forward, as the Feds yesterday added Winifred Jiau to Primary Global’s list of collared consultants. And with Ms. Jiau’s arrest comes potential concerns for a trio of hedge funds, says The Wall Street Journal:
According to the complaint filed by prosecutors at the Read More
