Friday, August 19, 2022 | Back issues
Courthouse News Service Courthouse News Service

Another Guilty Plea to Inside Trading

MANHATTAN (CN) - The former SEC reporting manager for a Silicon Valley company faces up to 5 years in federal prison for inside trading from which he made $6,464.

Stanley Ng, formerly the SEC reporting manager for Marvell Technology Group, pleaded guilty to conspiring to commit securities fraud and wire fraud by providing inside information about Marvell to Winifred Jiau and Son Ngoc Nguyen.

Jiau was sentenced in September to 4 years in federal prison for conspiracy and securities fraud.

Nguyen pleaded guilty in May to conspiracy to commit securities and wire fraud. He is awaiting sentencing.

Ng, 43, of Cupertino, pleaded guilty to conspiracy to commit securities and wire fraud. He faces up to 5 years in prison and a fine of $250,000 or twice the gross gain or loss from his offense. He agreed to forfeit $6,464, which is what he made from the inside trading.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading
Loading...