DealBook – As a consultant for an expert network, Winifred Jiau stood at the nexus of a scheme to leak the valuable secrets of companies to hedge funds for a sizable profit, a federal prosecutor said Thursday during opening statements at her trial on insider trading charges.
She wheedled inside information from sources she referred to in code as “cooks,” passed their “recipes,” or tips on to her hedge fund clients, then waited for the “sugar,” or money, the prosecutor, David Leibowitz, told a jury in a packed United States District Court room in Lower Manhattan.
