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	<title>Environmental News, Articles &#38; Information &#124; Global Warming News &#124; EcoWorld &#187; Law &amp; Government</title>
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		<title>Insider Trading Probe Brings in 4 Arrests</title>
		<link>http://www.ecoworld.com/sustainability/law-government/insider-trading-probe-brings-in-4-arrests.html</link>
		<comments>http://www.ecoworld.com/sustainability/law-government/insider-trading-probe-brings-in-4-arrests.html#comments</comments>
		<pubDate>Thu, 16 Dec 2010 21:43:20 +0000</pubDate>
		<dc:creator>jesche</dc:creator>
				<category><![CDATA[Law & Government]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[insider trading]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[networking firm]]></category>
		<category><![CDATA[wire fraud]]></category>

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		<description><![CDATA[An ongoing insider trading probe led to four arrests involving big technology companies and an &#8220;expert networking&#8221; firm Thursday. Federal officials apprehended James Fleishman, a sales manager at an expert networking firm, and three consultants on charges of wire fraud and conspiring to provide insider trading information to investors. &#8220;Today&#8217;s charges allege that a corrupt [...]]]></description>
			<content:encoded><![CDATA[<p>An ongoing insider trading probe led to four arrests involving big technology companies and an &#8220;expert networking&#8221; firm Thursday.</p>
<p>Federal officials apprehended James Fleishman, a sales manager at an expert networking firm, and three consultants on charges of wire fraud and conspiring to provide insider trading information to investors.</p>
<p>&#8220;Today&#8217;s charges allege that a corrupt network of insiders at some of the world&#8217;s leading technology companies served as so-called &#8216;consultants&#8217; who sold out their employers by stealing and then peddling their valuable inside information,&#8221; U.S. Attorney Preet Bharara said in a statement.</p>
<p>Fleishman&#8217;s employer was not initially disclosed, but according to CNNMoney.com, a spokesman for Primary Global Research says that Fleishman has worked for the firm for six years, and has been placed on leave.</p>
<p>Among the other arrests were Mark Anthony Longoria, 44, of Round Rock, Texas; Walter Shimoon, 39, of San Diego; and Manosha Karunatilaka, 37, of Marlborough, Mass.</p>
<p>Authorities also announced that former Dell global supply manager Daniel Devore pleaded guilty to wire fraud and conspiracy charges Dec. 10.</p>
<p>Thursday&#8217;s busts are part of a widening insider trading probe that escalated last month with raids on hedge funds. The crackdown is the government&#8217;s attempt to prevent the type of crime on Wall Street that occurred in the 2008 financial crisis.</p>
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