MANHATTAN (CN) - Winifred Jiau, a consultant at a California-based expert-networking firm, was sentenced Wednesday to 4 years in federal prison for her part in an inside-trading ring.
A jury convicted Jiau in June of selling inside information to hedge funds, which made more than $3 million from it.
Jiau was paid more than $200,000 for the information.
U.S. District Judge Jed Rakoff imposed the sentence.
"Wini Jiau conducted herself as though insider trading was a game," U.S. District Attorney Preet Bharara said in a statement announcing the sentence. But it's not a game, Bharara said.
Jiau also was ordered to forfeit $3.1 million, "the amount of proceeds obtained as a result of the securities fraud and wire fraud offenses," prosecutors said in the statement.
Two co-defendants, Samir Barai and Noah Freeman, have pleaded guilty and await sentencing.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.