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Ex-Samsung Electronics manager pleads guilty in insider trading probe with Apple iPad components

Ex-Samsung Electronics manager pleads guilty in insider trading probe with Apple iPad components Created by MG1 on Sep 15, 2011

A former employee of Samsung Electronics said he indeed supplied screen components shipping information to a hedge fund manager about the upcoming Apple iPad last year.
Samsung is making some of the screens and other gear for the first iPad, so Suk-Joo Hwang was lured by promises for flying models on a private jet during weekend trips to Iceland in exchange for insider info about Apple's upcoming disruption device. We kid, but Wall Street somehow got under the guy's skin, and after 14 years of humble work for Samsung Electronics USA, he was trapped by the necessity to install a granite countertop in his old kitchen.
The guy has been granted immunity from the New York prosecutor, in order to ... »read more

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