A slew of insider trading charges were leveled Friday against a Portland, Oregon-based analyst who allegedly provided significant leaks regarding the technology industry. Consultant John Kinnucan was accused of two counts each of securities fraud and conspiracy for reportedly passing on secret information about F5, Flextronics, and SanDisk to hedge funds that in turn unfairly benefited from the information to a combined $1.58 million. Sources at Flextronics and SanDisk ended up relating information about Apple's iPhone patterns.
