News

Former SAC Capital Trader Noah Freeman Didn’t Appreciate Filling Tipster’s Shellfish Orders, Knowing The Only Thing He Could Do About It Was Bitch And Moan To Secretary

As previously discussed, one major focus of the government’s insider trading cases du jour is the use of primary networks, whose information those on the prosecution side argue is just too good. Among all the expert network analysts charged, one stands out- Winifred Jiau. The best of the best, Jiau seems to have worked with everyone who’s been accused of trading on material non-public information and for good reason- her information, according to clients, was “precise to the decimal point.” And unlike other expert network analysts, who perhaps weren’t as good or just didn’t know their worth, Jiau was well-aware of just how much her trader friends needed her, and acted as such. In the opinion of former SAC Capital PM Noah Freeman (who pleaded guilty in April, after working with the government to turn over his ex best friend and colleague Donald Longueuil), this was like a bitch.

“Despite her information being very, very accurate, she was very difficult to work with,” said Mr. Freeman, an articulate and confident 35-year-old Harvard College graduate. Among the issues he said that he had with Ms. Jiau: She could be rude, it was hard to get a hold of her and she often canceled meetings at the last minute.

And yet, he couldn’t quit her. When “Poohster” (apparently Freeman and Co’s nickname for Jiau) said jump, Freeman asked how high. Similarly, when Poohster said “buy me an iPhone,” buy me a gift certificate a clothing store no wait I meant the Cheesecake Factory,” and “buy me a bunch of lobsters,” Freeman said “how many,” “for how much,” and “how would you like them delivered?”

In addition to the cash compensation, Mr. Freeman said that he and Samir Barai, another hedge fund manager who has pleaded guilty, provided Ms. Jiau with presents, including three iPhones. There was also a gift certificate to a clothing boutique “that we canceled at her request and replaced with a $300 gift certificate to The Cheesecake Factory,” Mr. Freeman said. But the most amusing gift came in November 2007, when Ms. Jiau asked the Boston-based Mr. Freeman for 12 lobsters so she could serve them on Thanksgiving. “I remember this because it was an unusual time to serve lobsters,” Mr. Freeman said.

The government then showed Mr. Freeman an e-mail he had sent to his secretary Annie Gallin with the subject heading “Can you please send lobsters to Winnie?” “I know you hate her but we have to do this,” he wrote. “Sure thing,” Ms. Gallin replied. “I hope she gets sick from the lobsters.” “Me too (but not dying, just suffering),” Mr. Freeman responded.

Right, because if the Poohster were to die, where would Freeman get his information from? No, best to just wish a couple days of violent food poisoning on her. And then when she lets the lobsters perish at FedEx, rather than in boiling water, threaten (to your secretary) to call PETA on her ass and mention that you have a right mind to tell her where to go, before complying with her next demand within seconds of the request, lest she get angry.

Ms. Gallin dutifully sent Ms. Jiau a dozen lobsters from the Fresh Lobster Company in Gloucester, Mass., across the country to Ms. Jiau, who lived in Silicon Valley. But there turned out to be a slight problem. “Typical Winnie to leave 12 lobsters to die at FedEx,” Ms. Gallin wrote in a follow-up email. “She has no heart.” She does, however, appear to have chutzpah. The next month, Ms. Jiau asked for another dozen lobsters for Christmas, a request with which Mr. Freeman dutifully complied.

That’s right, Errand Boy. And don’t forget to pick up the dry-cleaning, presort the M&M’s into ROYGBIV piles, draft a summary of today’s episode of One Life To Live and feed the dog, or there’ll be hell to pay.

Former SAC Trader Tells Jury Of Tipster’s ‘Perfect Information’ [DealBook]

62 comments
(hidden for your protection)
Show all comments

62 Responses to “Former SAC Capital Trader Noah Freeman Didn’t Appreciate Filling Tipster’s Shellfish Orders, Knowing The Only Thing He Could Do About It Was Bitch And Moan To Secretary”

  1. in love with pmco avatar says:

    maybe she is the real octopussy

  2. Anonymous says:

    12 lobsters…weak! Try getting the guy to give you 10,000 M&Ms with all the brown ones removed.
    -DLR

  3. Guest says:

    I feel like punching all these losers square in the face (but not dying, just suffering).

  4. She was obviously trying to pass a coded message. 12 lobsters = 12 companies in hot water.

  5. Guest says:

    This guy wouldn’t last a day with me.

    -L.T.

  6. PasteSpecialFormats says:

    Collate, bitch.

  7. East Texas Gas Trader says:

    These people must have traded or brokered natural gas 10 yers ago.

  8. Guest says:

    lol @ Weiner — meeting chicks on facebook.

  9. Shecky Steinum says:

    At a meeting hosted by IMF officials, a female analyst know for her curt but brilliant work walked up to an IMF employee and said, “I need to see your boss. Right now!”   A manager was summoned and said, “How may I help you?”

    The female analyst raised her right hand up to the IMF manager’s mouth and gently stuck two fingers in it.  The IMF manager was immediately aroused and began to slowly suck on her fingers.  After a short while he opened his mouth and backed away. Then he said softly, “Now….how can I help you?”

    The analyst replied, “Tell your bosses that there’s no toilet paper in the ladies room….” 

  10. Sleepless in CT says:

    Winnie the Pooh is the fuckin’ rake!

    – NF

  11. Anonymous says:

    I like this chick’s style.
    -Steve Schwarzman

  12. Guest says:

    Haha I like her a lot.

  13. early hominid says:

    As the pressure to please Poohster intensified, the ironically-named Mr. Freeman became irritable and paced the halls muttering to himself Nixon-like: “Just because I”m from Boston she thinks I’ve got some special relationship with lobsters?  Pffft. Stereotype much?   Like Bostonians can just go to the end of the jetty and chant “Rise, my chitinous friends, your mistress summons you from the briny deep!” and they’re supposed to, what, crawl into the fucking FedEx box? So you can leave them to die uneaten in some bleak Palo Alto warehouse?  I’ve had it.  No more. Uh-uh.”  But in the end he always came around.  Freeman indeed.  Where are your pithy rejoinders now and whence your articulate confidence?  

  14. Jermaine says:

    Harvard ?????

    Sing Sing….. for …..  MBA and  PhD

  15. Takashi says:

    Maybe we could have robster claws?

  16. Takashi says:

    Maybe we could have robster claws?

  17. Many many thanks for this publish! Some actually inspriational designs here. LC

  18. Amazing site I just rss feed your blog many times in multiple sources. I wish you the best of wealth cus you’re good!

  19. Amazing site I just saved your blog many times in multiple urls. I wish you the best of luck cus you’re good!

  20. Click here says:

    First time visit here and have your great short article. May I have a copy of this report?

  21. visit site says:

    Have you ever thought about including a little bit more than just your articles? I mean, what you say is important and all. Nevertheless think of if you added some great visuals or video clips to give your posts more, “pop”! Your content is excellent but with images and video clips, this site could certainly be one of the most beneficial in its niche. Superb blog!

  22. I do love the way you have framed this particular difficulty and it does indeed give me some fodder for consideration. On the other hand, coming from everything that I have personally seen, I simply just trust when the feed-back stack on that men and women remain on point and don’t embark on a tirade regarding some other news du jour. Still, thank you for this excellent point and although I do not really concur with it in totality, I value your point of view.

  23. Hey there just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Safari. I’m not sure if this is a formatting issue or something to do with web browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the problem solved soon. Cheers

  24. Hmm it seems like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to the whole thing. Do you have any tips for newbie blog writers? I’d really appreciate it.

  25. av furniture says:

    Cool blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. With thanks

  26. Fantastic blog! Do you have any helpful hints for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any tips? Thanks!

  27. Thanks, I’ve recently been searching for facts about this subject matter for ages and yours is the best I have found so far.

  28. I do enjoy the manner in which you have framed this particular matter plus it really does present me some fodder for consideration. On the other hand, from just what I have observed, I just hope as the actual feedback stack on that individuals keep on point and not embark on a soap box associated with some other news du jour. Still, thank you for this superb piece and whilst I can not go along with this in totality, I regard your standpoint.

  29. Hey! This is my 1st comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading through your blog posts. Can you suggest any other blogs/websites/forums that cover the same topics? Thanks a lot!

  30. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your website? My blog is in the very same area of interest as yours and my visitors would truly benefit from a lot of the information you present here. Please let me know if this alright with you. Thank you!

  31. Howdy! I know this is somewhat off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.

  32. Bikes are genuinely cheaper and efficient. Their electric vehicles are able to find one that meets your wants and needs.

  33. Lenore Romas says:

    Oh, the tragedy! As a 19-year old I realise I am on the verge of no longer being a teenager, but I like to think that I have had the same mindset for the few years at least. There is NOTHING in the technological world that can rival the real wonders with the natural earth. In a very way, I think the age of technology would make character even more special because you can evidently see the comparison they just really don’t build views like that on the Internet! Just half an hour ago, I was marvelling at the look at with the park I had been walking via on my way home from university.
    Sometimes, an iPhone can capture your attention a little much easier than a sunset. But that doesn’t mean that none of us appreciate the latter. Hope is not lost!

  34. I just think I actually need to see that film.

  35. A pest control business to do when spraying and getting rid of aphids. Squirrels are another complaint but there are advantages to hiring a professional exterminator.

  36. It’s a shame you don’t have a donate button! I’d certainly donate to this superb blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will share this site with my Facebook group. Talk soon!

  37. Bondage says:

    Good day! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog post or vice-versa? My website addresses a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you happen to be interested feel free to shoot me an e-mail. I look forward to hearing from you! Awesome blog by the way!

  38. kasino rims says:

    Right after study a several of the web sites onto your blog today, and i genuinely such as your strategy for blogs. My spouse and i saved as a favorite the item to be able to the save internet site listing and are reading backside eventually.

  39. I think that is among the most significant information for me. And i’m satisfied studying your article. But wanna remark on few general things, The web site taste is perfect, the articles is actually nice : D. Excellent activity, cheers

  40. One more thing. It’s my opinion that there are numerous travel insurance internet sites of reliable companies that allow you to enter your holiday details and obtain you the prices. You can also purchase this international travel cover policy on-line by using the credit card. All you should do is usually to enter all your travel particulars and you can view the plans side-by-side. Simply find the plan that suits your financial allowance and needs and after that use your credit card to buy it. Travel insurance on the internet is a good way to check for a trustworthy company with regard to international travel cover. Thanks for discussing your ideas.

  41. I comparable the efforts you have plunk in this, value it for all the fantastic content.

  42. Hi there, I discovered your website by the use of Google at the same time as searching for a similar subject, your site got here up, it seems to be great. I have bookmarked it in my google bookmarks.

  43. Landon Brood says:

    This is very interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your magnificent post. Also, I have shared your web site in my social networks!

  44. Appreciating the persistence you put into your blog and detailed information you present. It’s awesome to come across a blog every once in a while that isn’t the same unwanted rehashed material. Excellent read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  45. I think technological innovation just causes it to be worse. Now there’s a channel to never treatment, now there will not be a possibility for them to discover.

  46. cute purses says:

    Pretty section of content. I just stumbled upon your site and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently quickly.

  47. I enjoy your writing style genuinely loving this website. “How helpless we are, like netted birds, when we are caught by desire” by Belva Plain.

  48. dsl Surprise says:

    Robert, they vary. It is really up on the authors. Many with the letters developing are handwritten, or hand-notated, it truly is about fifty percent and 50 %. Although many of the first letters have been typed. The fourth letter was a comic.

  49. It¡¦s in point of fact a nice and useful piece of info. I¡¦m glad that you just shared this helpful info with us. Please keep us up to date like this. Thank you for sharing.

  50. I keep listening to the news update speak about getting boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?

  51. Feweed1951 says:

    Another positive is it’s very easy to switch flavors. I was a die hard Newport smoker and even if I had no cigarettes I wouldn’t smoke another brand (even if it was menthol). I’d just wait until I found a store and buy Newport’s.