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Friday, 17 December 2010

Primary Global Research caught in federal probe


09:22 |

Primary Global Research caught in federal probe: "Primary Global Research, the Mountain View 'expert network' company, which already is caught up in a nationwide insider trading investigation.
One of the firm's top sales executives was arrested Thursday by the FBI on wire fraud and conspiracy charges.
Three of its former 'consultants' were also arrested.
A fourth former consultant, it was announced, has pleaded guilty to similar charges.
Following last month's arrest of its 'Taiwan liaison,' the firm appears to be firmly in the cross-hairs of a federal investigation that reaches from Wall Street to Silicon Valley.
They are part of 'a corrupt network of insiders at some of the world's leading technology companies (who) served as so-called 'consultants' who sold out their employers by stealing and then peddling their valuable inside information,' said Preet Bahara, U.S. attorney in New York, who is heading the investigation.
Bahara was referring, in part, to Sunnyvale's Advanced Micro Devices and Cupertino's Apple, whose inside information was cited in the latest charges.
In a statement, he thanked Apple and AMD 'for their assistance in the investigation"

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