NEW YORK (AP) — Manhattan prosecutors say there's overwhelming evidence that a California researcher accepted cash and gifts to feed inside information to hedge funds.
The prosecutors told jurors in closing arguments Thursday at the trial of Winifred Jiau (jow) that her use of coded emails proved she knew what she was doing was wrong.
Jiau, of Fremont, Calif., was arrested last year in a government crackdown on specialists in the financial industry. Authorities allege the specialists passed off inside information about companies as legitimate research.
Prosecutors say Jiau provided inside information while she worked as a consultant for two years for Primary Global Research, in Mountain View, Calif. Most of the 13 people charged in the probe have pleaded guilty.
The defense was to give its closing argument later Thursday.