Us Insider Trading Survey Escalated &Nbsp; Former Expert Executives Of "Expert Contacts" Were Arrested.

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Just this Monday, FBI just raided three hedge fund offices.

Just one day, arrests took place, and several other executives were interrogated.

This case is likely to become a milestone in the history of the United States, but it may also be just the tip of the iceberg.

The 56 year old Don Ching Trang Chu, also known as Don Chu, is an executive of Primary Global Research LLC (PGR), an expert network in California, United States. Before being arrested, it was charged with conspiring to plan the company's "consultancy" service, arranging insiders in the listed company to provide insider information to the hedge fund clients of the company for the purpose of implementing profitable securities pactions.

Don Chu was originally scheduled to leave for Taiwan, China in November 28th, and was arrested in New Jersey's home before leaving.

Don Chu has been charged with two counts of committing a crime of plotting securities fraud, and conspiracy to commit telecommunications fraud and securities related fraud.

If the first offence is established, the maximum sentence will be five years' imprisonment, and if the second charges are established, the maximum sentence will be 25 years' imprisonment.

The US prosecutors said that if the two crimes were committed, Don Chu would be liable to a fine of $250 thousand or its total income over the past two years.

Such companies, known as "expert contacts", usually employ current or departing employees and doctors and experts in different fields to become "consultants" of investment institutions such as hedge funds and mutual funds, so that fund managers and investors can be linked together to provide insider information about financial pactions.

Experts usually earn nearly hundreds of dollars in an hour.

PGR said on Wednesday that the company had sacked Don Chu due to recent events.

Earlier this week, the company's website also showed that Don Chu was an expert in Asia and data sources, and the information about him and several other employees on the website was not listed on the website on Wednesday.

However, after searching for Don Chu on PGR's website, the first Financial Daily reporter still found his introduction as PGR's "Asian expert and data source": Don Chu is known as PGR "connecting the bridge between Asian experts and data sources".

He said he had worked in the data telecommunication industry for 25 years, and worked in the data, wireless and communication antenna fields of Baer Laboratory for more than 10 years.

He has profound insights into the technology industry in mainland China and Taiwan, China through the relationship between Fab and fabless OEM/ODM.

Don Chu is familiar with the wireless broadband communication industry and has deep connections in the technology industry.

Don Chu's lawyer has not yet responded.

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At present, FBI, the New York prosecutor's office and the United States Securities and Exchange Commission (SEC) are working together to conduct criminal and civil investigations on Wall Street, involving tens of millions of dollars in illicit profits.

The largest Insider Trading Survey in the US history may involve prosecution of investment advisers, investment bankers, hedge funds and mutual fund traders and analysts across the US, some of which may be submitted by the end of this year as soon as possible, which is expected to trigger an "earthquake" in Wall Street.

The most influential companies in Wall Street also received subpoenas, including mutual funds Janus Capital Group Inc., institutional investment company Wellington Management Co., hedge fund Citadel LLC and SAC Capital Advisors, according to people familiar with the Wall Street journal, citing sources familiar with the matter.

And these emerging figures are closely related to the company.

Prosecutors said Don Chu contacted a hedge fund manager named Richard Choo-Beng Lee in 2008.

The latter has pleaded guilty and has agreed to cooperate with the prosecution to investigate the insider trading of Galleon Group in the hedge fund. Prosecutors have charged 23 defendants in this case, including 14 guilty pleas.

The US federal prosecutor said in an allegation launched that Don Chu arranged for Richard Choo-Beng Lee in July 2009 to get data on revenue, sales and profit margins from a publicly traded technology company Atheros Communications Corp. prior to the official release of the data. Prosecutors did not disclose the name of the executive.

Richard Choo-Beng Lee also took part in last year's biggest hedge fund insider trading case in the history of Wall Street, the Galleon Group, and pleaded guilty.

At the same time, it was found guilty of Raj Rajaratnam, founder of sailing group and 22 other dealers, lawyers and business executives.

It is worth noting that the accusation that Don Chu has said to Lee, "in the United States...

It's dangerous. SEC is too strong. He also warned Lee to avoid personal mail.

Don't write it down.

Danger. "

Lee's lawyer said Lee is currently in line with the prosecution's investigation.