Former Marvell Executive Charged in Insider Trading Scheme

Federal prosecutors charged Stanley Ng, a former employee at the Marvell Technology Group MRVL, with participation in an insider trading scheme involving giving company secrets to hedge fund traders. Preet Bharara, the United States attorney for Manhattan, said in a statement: “Stanley Ng and his co-conspirators traded inside information as casually as some people trade baseball cards.” “Like so many others recently, he will now be held to account in a court of law.” Marvell has not been accused of any wrongdoing.