Don Ching Trang Chu, a former consultant at Primary Global Research LLC, avoided prison with a sentence of two years probation for passing confidential information to the expert-networking firm’s hedge fund clients.
Don Ching Trang Chu , an expert consultant to hedge funds who worked for Primary Global Research LLC, will appear in federal court in New York to plead not guilty to insider trading charges and waive his right to be indicted by a U.S. grand jury, his lawyer said.
While prosecutors await a jury’s verdict in the trial of Galleon Group LLC’s Raj Rajaratnam, they may take comfort that four defendants tied to the insider- trading probe that began with him are pursuing plea deals.
A Federal Reserve rule capping debit- card “swipe” fees set by Visa Inc. and MasterCard Inc. would be delayed at least six months under a plan being crafted in the U.S. Senate, said two people with direct knowledge of the talks.
For technology companies, Taiwan is home to the biggest custom producers of chips used in products like Apple ’s iPhone and Dell computers. For hedge funds, it’s a cornucopia of confidential data, leaked from chipmakers and parlayed into an edge in trading stocks of their U.S. customers.
Don Ching Trang Chu , an expert consultant to hedge funds who is accused of passing inside information, had “extensive” plea talks with U.S. prosecutors, a prosecutor told a federal judge today in Manhattan.
Jurors deciding the insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam failed to reach a verdict after a week of deliberations and are set to return May 2 to resume weighing evidence.
Don Chu spent years building technology contacts in his native Taiwan before a hedge fund manager with a history of insider trading secretly recorded him at the behest of the U.S. Federal Bureau of Investigation.
Alexei Koval , who prosecutors said conspired with UBS AG investment banker Igor Poteroba to earn almost $1 million in profits through insider trading, sought release on bail today after being indicted.