Manhattan U.S. Attorney Announces Guilty Pleas of Former Hedge Fund Portfolio Manager and NVIDIA Finance Employee to Insider Trading Charges

PREET BHARARA, the United States Attorney for the Southern District of New York, announced that SAMIR BARAI, a/k/a “Sam Barai,” a portfolio manager at two different New York based hedge funds, and SON NGOC NGUYEN, a/k/a “Sonny,” an employee in the finance department of NVIDIA Corporation (“NVIDIA”), pled guilty today in Manhattan federal court to charges arising out of their involvement in separate insider trading schemes. BARAI, who had previously been arrested on February 8, 2011, and charged in a criminal complaint, also pled guilty to additional charges, including obstruction of justice, in connection with the insider trading scheme.