Tuesday, October 11, 2011
Bob Van Voris and Patricia Hurtado, Bloomberg
Submitted by: Kevin Zirulo
Bob Van Voris and Patricia Hurtado, Bloomberg
Submitted by: Kevin Zirulo
Two Insiders Sentenced, Rajaratnam Next
[Bloomberg] An ex-Galleon Group LLC trader and expert-networking consultant were sentenced to a combined 14 years in prison for their roles in a nationwide insider trading scandal, just three weeks before Raj Rajaratnam, the man at the center of the investigation, is to learn his fate.
[Bloomberg] Zvi Goffer, 34, the former Galleon trader, was given 10 years, the longest prison sentence so far in the crackdown, for leading a scheme to trade on inside information provided by lawyers. Winifred Jiau, 43, a former consultant with expert- networking firm Primary Global Research LLC, was given a prison term of four years for passing information on technology companies to fund managers.
Galleon co-founder Rajaratnam, is scheduled to be sentenced in the same courthouse for directing the biggest hedge fund insider-trading scheme in history on October 13, 2011
Read Full Bloomberg Article
Posted by Editor on 10/11/11 at 06:26 AM •
(0) Comments
Share Your Ire
blog comments powered by Disqus