Insider Trading Charges Hit Ex-AMD, Dell Employees

Five more people, including former employees with

Dell, Advanced Micro Devices and Taiwan Semiconductor Manufacturing,

were arrested in the federal government’s expanding investigation into

insider trading that already has snared executives with several major

high tech firms.

Federal prosecutors announcing the arrests Dec. 16

said the defendants were part of a complex scheme that included

employees at the technology companies who also worked as consultants

for what investigators said was an “expert networking” firm. James

Fleishman, a sales manager at the expert networking firm, acted as the

conduit between the four consultants and investors, according to

prosecutors.

Fleishman, who was charged with conspiracy,

reportedly worked for Primary Global Research (PGR), the same place Don

Chu was employeed. Chu was arrested in November on similar charges.

“Today’s charges allege that a corrupt network of

insiders at some of the world’s leading technology companies served as

so-called ‘consultants’ who sold out their employers by stealing and

then peddling their valuable inside information,” U.S. Attorney Preet Bharara said

in a statement, adding that the information in the complaint and the

plea agreement of Daniel Devore last week “describe criminal conduct

that went well beyond any legitimate information sharing or

good-faith business practices.”

For more, read the eWeek article: Ex-AMD, Dell Employees Charged in Insider Trading Case.l