Federal authorities arrested David Riley, 47, a former vice president at Foundry Networks Inc.

WSJ: 2 men charged in NY in $27M insider trading scheme

Crosspoint Venture Partners and Institutional Venture Partners both invested in Foundry Networks (nasdaq: FDRY - news - people), a maker of Internet switching gear.

FORBES: In the Lurch

Back in the 1990s, he co-founded Foundry Networks, which saw its IPO spike 525% on its first day of trading ( you can see my interview with Chen here).

FORBES: A10 Networks: Powering Some of the Biggest Tech Trends

Foundry Networks, a maker of Internet-switching gear that--mirabile dictu--is actually profitable, posted a fivefold gain on its first day of trading, a performance topped only by last year's Theglobe.com.

FORBES: A Year for Sizzle