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| Winifred Jiau |
Expert network consultant Winifred Jiau, currently jailed without bail for her alleged part in an insider-trading scandal, is seeking dismissal of charges, citing lack of evidence. She is accused of passing along insider tips regarding Marvell Technology Group and Nvidia Corp.
Jiau, who consulted at Primary Global Research – a scandal nexus that employed eight arrested defendants in the case – claims that there is no evidence that her information was provided via insider tips. Jiau is cooling her heals in prison since the judge declared her a flight risk and revoked bail. Lawyers for Jiau say her continued incarceration hampers her defense because she lacks access to prosecutors’ documents. They want the government to specify which of the “tens of millions of pages of documents” in evidence pertain to Jiau.
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| Donald Longueuil |
The second defendant seeking dismissal is former SAC Capital Advisors fund manager Donald Longueuil. He stands accused of receiving tips from Noah Freeman, another SAC manager who has pleaded guilty and is a prosecution witness. Longueuil’s lawyer, Craig Carpenito, filed a motion claiming:
“The indictment fails to allege Mr. Longueuil knew or should have known that material non-public information he received from non-inside sources was originally obtained from an inside tipper that fraudulently breached a duty. Mr. Longueuil was a third tier recipient of the information at best.”
Jiau and Longueuil have a few things in common: they are both facing 25-year sentences if convicted, they both have pleaded not guilty, and each wants a separate trial.
© 2011 Hedge Fund Writer LLC
