LawFuel.com – Insider Trading Lawsuits – Preet Bharara, the United States Attorney for the Southern District of New York, and Mary Galligan, the Acting Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that HYUNG LIM, a former technology company employee, pled guilty today in Manhattan federal court to conspiracy to commit securities fraud based on his involvement in an insider trading scheme.
As part of the scheme, LIM obtained inside information from an employee of NVIDIA Corporation (“NVIDIA”), a publicly-traded company, and passed that information to an analyst at a wealth management company who then traded in NVIDIA stock. LIM also pled guilty to wire fraud for passing inside information that he obtained while working at Alterra Corporation (“Alterra”), another publicly-traded company. He pled guilty before U.S. District Judge Richard J. Sullivan.
