Fund tapes allowed in consultant’s U.S. trial

Reuters – The day after hedge fund founder Raj Rajaratnam was convicted based on phone tap evidence, another insider trading defendant lost a bid on Thursday to throw out recordings from her trial.

Taiwan-born Winifred Jiau, 43, a former technology consultant, is the only person to have been denied bail in a probe of so-called expert networking firms that match investment managers with public companies.

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