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Edition: U.S. Article Comments (0) Editor's Choice German environment ministers push for nuclear phase-out Japan moves to protect children as new nuclear leak revealed NASA makes history with spacewalk, station finale Solar panels win reprieve in EU toxic substance ban Micro-power presents slow-burn threat to utilities Samsung SDI says plans $2 billion solar battery investment Analysis: German drought threat to biodiesel producers Video: Iceland volcano losing steam Follow Reuters Facebook Twitter RSS YouTube Read Pilot role in focus in Air France crash 11:41am EDT Air France crash sparks pilot mystery 4:56pm EDT List of missing from Joplin tornado cut to 156 | 3:59pm EDT Gasoline prices erode spending, incomes | 4:20pm EDT Hedge fund star calls for Microsoft's Ballmer to go 25 May 2011 Discussed 129 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by 94 Obama departs for Europe trip, explores Irish roots Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Hundreds missing after tornado 2:40am EDT Deadly Missouri tornado captured on video Mon, May 23 2011 Ex-Nvidia analyst admits insider trading charge Tweet Share this By Grant McCool NEW YORK (Reuters) - A former Nvidia Corp financial analyst pleaded guilty on Friday to a criminal charge in the U.S. probe of insider trading at expert networking firms and hedge funds. Sonny Nguyen, 39, told U.S. District Judge... Email Print Related News Two more plead in expert network insider probe 4:09pm EDT Analysis & Opinion How to handle e-statement overload Steve Cohen runs away from his Fairfax co-defendants Related Topics Technology » A sales man demonstrates a computer game in a display area of Nvidia Corp. during the second day of the annual 2007 Computex Taipei June 6, 2007. Credit: Reuters/ Nir Elias By Grant McCool NEW YORK | Fri May 27, 2011 4:09pm EDT NEW YORK (Reuters) - A former Nvidia Corp financial analyst pleaded guilty on Friday to a criminal charge in the U.S. probe of insider trading at expert networking firms and hedge funds. Sonny Nguyen, 39, told U.S. District Judge Jed Rakoff in New York at the plea proceeding that in 2007 and 2008 he tipped former Primary Global Research consultant Winifred Jiau about chipmaker Nvidia's quarterly financial results before they were announced to the public. Jiau, a former technology consultant with Primary Global in California, is scheduled to go on trial before the same judge on June 1. Nguyen, who was released on $100,000 bond, is expected to testify at the trial, the court heard. Nguyen is among at least 14 people who have been charged in the investigation of expert networking firms that match investment managers with public companies. Nguyen pleaded guilty to a charge of conspiracy to commit wire fraud and securities fraud. "I provided material nonpublic information to my co-conspirators ... about Nvidia Corporation quarterly financial results and in exchange I received similar stock tips," Nguyen told the judge. He identified two co-conspirators: Winifred Jiau and Stanley Ng. It was not immediately clear who Ng is. Santa Clara, California-based Nvidia said in a statement that it put Nguyen on administrative leave after the company was told he intended to admit to involvement in the case. "He has now resigned. This was a clear violation of law and our company policies," the Nvidia statement said. "We continue to cooperate fully with the New York U.S. attorney's office and the FBI." Court records indicate that later on Friday a hedge fund manager, Samir Barai, is expected to plead guilty to charges of trading on illegal tips provided by Jiau. The case is USA v Jiau et al, U.S. District Court for the Southern District of New York, No. 11-161. (Reporting by Grant McCool; Editing by Phil Berlowitz) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. 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