NEW YORK - a former hedge fund manager insisted he reprimanded almost everyone he when he was pressed Tuesday to explain why it fun a California consultant who said made millions of dollars of food within the information technology stocks him.
Noah Freeman spends most of his third day on the witness stand at the trial be cross-examined, sometimes on the unpleasant things, he said in the back of the insiders of Winifred Jiau Jiau.
"I mocks many people," Freeman said of his work as a Fund Manager in a profession he left year last to become Professor of lycée.
Prosecutors called to build their case against Jiau, who was arrested in December for that she complotée to accept a cash and gifts to feed within hedge fund information. Jiau, of Fremont, California, was among 13 people arrested in a wave of repression on the industry of securities which pass along the inside information as if it were legitimate research. A guilty plea was entered Tuesday by a defendant ninth in a separate proceeding.
Jiau worked for two years as a consultant for the world's primary research, a company of Mountain View, California. Born in Taiwan, she is a citizen, even if she is remained imprisoned since his arrest, unable to make a deposit of $500,000.
A defence lawyer asked Freeman if he singled out critical Jiau because she had a Taiwanese accent. Then, he asked if it fun its males in the same way sources.
Freeman said that he was regularly. He said that he called a German client "The German" because of his accent and also Taiwanese sources ridiculed in their accents and appearances.
Freeman was asked that if he paid once for prostitutes for a source of male it was fun in a Taiwanese bar.
He acknowledged that several thousands of dollars on the project of law but said "I was never ensure that what has happened" after all the expenses on the left bar.
The testimony came a day after Freeman said at the helm of the witnesses he received inside information from dozens of employees of public companies, after he began to work with companies of networking experts in early 2005.
He said that he rewarded Jiau with $5,000 per month in cash and gifts because his information were "absolutely perfect".
He acknowledged sending an iPhone, a dozen of lobsters and a gift certificate of $300 at a clothing boutique, although he said that it stressed later they cancel the gift certificate and make for a restaurant near his home. Prosecutors unveiled an e-mail in which Freeman said his Secretary to send Jiau lobsters.
"I know you hate him, but we need to do this," wrote Freeman. The Secretary replied: "Sure thing, I hope ill lobsters."
Freeman said that they spoke with contempt on her because she often cancelled appointments or did not take his phone when they called.
"Despite the fact that his information was very, very precise, Ms. Jiau was very, very difficult to work with on a daily basis," he said.
Prosecutors have also showed the jury an e-mail the Secretary wrote after the failure of Jiau get lobsters in the Office of delivery on the day the day.
Typical of Winnie to leave 12 lobsters die to Fed - Ex" She has no heart, "has written to the Secretary."
At one point, U.S. District Judge Jed Rakoff questioned Jiau how difficult.
"Excuse me," the judge interrupted. "How much money you were inside the information provided by Ms. Jiau?"
Freeman replied that he made up to $ 5 million in a quarter on one of her within councils.
The judge asked "and you thought that it was in bad taste when she asked you more gifts, or for different gifts."
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