Woman Accused of Obtaining $200,000 by Comitting Fraud

There has been a major crackdown recently on consultants who provide insider information which has claimed another guilty party, 43-year-old Winifred Jiau. She was arrested on Tuesday on suspicions of providing information to two portfolio managers about the unannounced earnings of tech companies in California.

At this time her lawyer, Josh Cohen, is not making any public statements about her case.

Prosecutors, however, have been talking, saying they hope to nab her on securities fraud as well as accepting more than $200,000 over a two-year-period from a networking firm. A press release from U.S. Attorney Preet Bharara stated that this company provides "institutional money managers and analysts with market intelligence" through a "Global Advisory Team of Experts." While the name of the firm has not been confirmed or denied, language from a recent arrest has led experts to believe that Primary Global Research is the culprit in this case.

If someone you love has been arrested on charges of fraud, don't delay in getting a criminal defense attorney on board to start working on the case.