Ex-Silicon Valley Executive Convicted of Insider Trading

Wednesday, 21 Sep 2011 11:11 AM

 

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A former Silicon Valley sales manager was found guilty of conspiracy charges Tuesday in connection with the U.S. government's crackdown on insider trading.

James Fleishman, who used to work at Primary Global Research, was convicted by a federal jury in Manhattan on charges of conspiracy to commit securities fraud and conspiracy to commit wire fraud. He could face up to 25 years in prison.

Federal prosecutors and FBI agents have worked for years on cases that suggest employees at "expert networking" firms such as Primary Global helped funnel corporate secrets to hedge funds seeking higher returns.

Prosecutors said Fleishman, a Santa Clara, Calif., resident, helped ferry leaks to hedge funds about confidential information such as revenues or margins from executives at companies, including Advanced Micro Devices and Dell.

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