Former Intel exec pleads guilty in Galleon case
Wayne Brooker at Monday 8th February filed under Competitions
"A former Intel executive pleaded guilty on Monday to providing insider information to Galleon Group's founder, Raj Rajaratnam.
The case revolves around Rajaratnam, who founded the Galleon Group, a New York-based hedge fund that managed $7 billion in funds. In total, 22 people have been charged with criminal or civil charges by the U.S. Securities and Exchange Commission. Ten, including the Intel executive, have pleaded guilty to date."