Nvidia Trading

A former Nvidia engineer is being charge with insider trading. Manu Shrivastava was arrested on charges of earning nearly $450,000 after buying call options upon learning of Nvidia's deal to provide graphics chips for Microsoft's Xbox and selling those options after the news became public. Shrivastava faces one count of securities fraud and one count of wire fraud, with a maximum penalty of up to 10 years in prison and fines of as much as $500,000.