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5 Jan 2011

Hedge Fund Fraud: iPod Leaking Executive Makes Bail - Three of the research executives arrested by the FBI in December have been granted bail, including the man who allegedly leaked details about the iPad to a a hedge fund.

James Fleishman, from Primary Global Research, Mark A. Longoria, from Advanced Micro Devices, Walter Shimoon, from Flextronics International, and Manosha Karunatilaka from Taiwan Semiconductor Manufacturing, are accused of selling confidential information to hedge funds.

Along with travel restrictions, Reuters reports that Shimoon's bail was set at $150,000, Longoria's at $50,000 and Fleishman's bail was set at $700,000.