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Insider trading probe nabs Wall Street

11-25-2010 13:48 BJT

The first strike in a new federal offensive to root out insider trading on Wall Street has come with the arrest of a consulting firm executive. Prosecutors say he tipped off a hedge fund manager about corporate earnings before they became public.

The arrest of Don Ching Trang Chu, of Somerset, New Jersey, came when investigators realized he was heading to Taiwan on Sunday. The charges against Chu increased, from what prosecutors described as the largest hedge fund insider trading bust in history. Fourteen people have already pleaded guilty.

Don Ching Trang Chu exits Manhattan federal court, Wednesday,
Nov. 24, 2010, in New York. Chu, who worked for Primary Global
Research was charged with conspiracy to commit securities and
wire fraud and released on bail.(AP Photo/ Louis Lanzano)

Editor:Xiong Qu |Source: CNTV.CN

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