Sunday, December 19, 2010

Four arrested for insider trading; charges include leaking Apple secrets

Four new arrests were made Thursday as the Securities and Exchange Commission and other U.S. government agencies continue to crack down on “channel checks” and other related practices. The defendants ? identified as Walter Shimoon (VP of Business Development at�Flextronics), Mark Longoria (supply chain manager at AMD), Manosha Karunatilaka (Taiwan Semiconductor Manufacturing Co Ltd) and James Fleishman (sales manager at an “expert networking” firm)�?�have been charged with various crimes surrounding alleged�insider trading. Court filings indicate that Shimoon, Longoria and Karunatilaka were hired as consultants by Fleishman’s expert networking firm. The men allegedly passed along corporate secrets about Apple, AMD and other companies to two unnamed hedge funds. Court filings also indicate that Shimoon was paid to leak non-public details surrounding

Rachel Weisz Miranda Kerr Sarah Shahi Anna Paquin Diane Kruger

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