As we have learned from former SAC trader Noah Freeman’s extensive testimony in the government’s insider trading case du jour, expert network analyst Winifred Jiau had a tendency to act irrational, demanding and sometimes plain bitchy. Whether her behavior stemmed from a power trip associated with realizing she was the person anyone who was anyone in the insider trading space wanted to work or she was simply born that way is unclear but regardless, while it may have annoyed some clients, it didn’t stop anyone from buying what she was selling, i.e. inside information that was “precise to the decimal.” Freeman, for example, has go so far as to praise her tips as best in class while sharing that he fantasized about doing her bodily harm, such as when she would make what he felt to be absurd requests like two (2) iPhones, gift cards to clothing stores, the Cheesecake factory and a dozen Thanksgiving lobsters. Apparently, though, the stuff wasn’t for Jiau. She just needed it to land another member of her “club.” Continue reading »
insider-trading
Expert Network Empress Re-Gifted Insider Trader Noah Freeman’s Lobsters, Cheesecake Factory Gift Cards
By Bess Levin
Let him explain. Continue reading »
Danielle Chiesi’s Lawyers Argue She Shimmied Her Way Into Inside Information Out Of A Need To Please, Not Greed
By Bess Levin
Since they were arrested in late 2009 and during his 8-week trial, one thing we’ve learned about Raj Rajaratnam gal-pal Danielle Chieis is that as the information she passed to the Galleon founder was the best of the best, she was one of his most valuable tipsters. To be sure, guys like Anil Kumar and Rajat Gupta gave Raj good stuff too, but Chiesi had a leg up on the other tipsters because she “used her sexuality to build sources at male-dominated tech companies.” Executives were apparently powerless to the allure of her “tight red suit with red fishnet stockings” and once they saw her “suggestive” dance moves it was game over. Chiesi had affairs with guys like IBM’s Bob Moffatt, who was more than happy to tip her off (not knowing he was just being used though, Moffat, who cried at least two times in public over Chieis, has since vowed to never open his heart to another woman again, besides his wife), and following coitus, DC would pass the info to Raj. According to Chiesi’s lawyers, who are attempting to keep her out of jail (she pleaded guilty earlier this year), there’s a good reason their clients a) slept with these married men and b) engaged in insider trading. She was a people pleaser. Continue reading »
Former Galleon employee Zvi Goffer, his Emanuel Goffer and Michael Kimelman, their partner at Incremental Capital, were found guilty this morning on “fraud and conspiracy to commit insider trading” charges. They each face 25 years in prison, meaning it’s going to be along time before another one of these: Continue reading »
Unless you’re also counting those that fell in the “gray area,” in which case, that’s really anyone’s guess. Continue reading »
Remember That Time You Saw A Guy Running Around San Francisco In His Underwear Shouting “I Said Buy, Motherfucker” At Random Passersby?
By Bess LevinThat was former SAC Capital trader Noah Freeman. Continue reading »
Former SAC Capital Portfolio Manager Noah Freeman’s Memory Works Just Fine When It Comes To Recalling Which Key He Sung ‘Pour Some Sugar On Me’ In a China Karaoke Bar, But Fails Him On Remembering Whether He Also Bought A Hooker For A Tipster Nicknamed “Cha-Ching”
By Bess Levin
He’s “not sure what happened.” Continue reading »
