Ex-Altera Executive Pleads Guilty to Passing Insider Tips
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A former Altera Corp. executive pleaded guilty to passing illegal tips about his company and Nvidia Corp., some which were relayed to a group of fund managers accused of running an insider-trading “criminal club.”
Hyung Lim, 46, pleaded guilty today to conspiracy to commit securities and wire fraud before U.S. District Judge Richard Sullivan in Manhattan. Lim was a product marketing manager at Altera, according to the company. Lim later worked at Broadcom Corp. from 2008 to 2011 and is cooperating with the government, his lawyer, James T. Reilly, said in court.