Bloomberg reports that former SAC Capital trader Donald Longueuil, who was accused last month of securities fraud, has been named in a new indictment concerning information that originated with ex-Primary Global consultant Winifred Jiau and was passed around among Longueuil, his former friend/colleague Noah Freeman, and an unnamed hedge fund manager.
Federal prosecutors yesterday added Longueuil to Jiau’s indictment, which alleges that Jiau passed inside information to an unnamed hedge-fund portfolio manager and Noah Freeman, a Boston hedge-fund manager who pleaded guilty last month to securities fraud. During a conspiracy to commit securities and wire fraud that ran between 2006 and 2010, Longueuil gave information to Freeman as well, the U.S. said in the superseding indictment docketed today. In exchange, Freeman passed material non-public information to Longueuil that he had obtained from sources including Jiau, according to prosecutors.
“Longueuil communicated regularly with Freeman” and the unidentified co-conspirator “to share the material nonpublic information each learned from his respective sources,” the U.S. said in the new indictment. “These communications occurred over the telephone, as well as through e-mails and instant message communications.”
In related news, Freeman, who sold his best friend/best man Longueuil out to the Feds in exchange for a better deal, has been busy packing for his upcoming trip to Puerto Rico with the wife, which is just the sort of R&R he's been needing.