IT Management: IBM, Intel Executives Involved in Ongoing Insider Trading Case

 
 
By Jeffrey Burt  |  Posted 2009-11-02 Email Print this article Print
 
 
 
 
 
 
 
 
The $25 million insider trading scandal that touched such IT heavyweights as AMD, IBM and Intel has now led to charges against six people from Silicon Valley and Wall Street. The case continues to roil both coasts. Federal prosecutors say executives from IBM, Intel and McKinsey & Co. gave nonpublic information on such companies as AMD, Sun Microsystems, Google, PolyCom and Akamai to two directors at two hedge funds, Galleon Management and New Castle Funds, which used the information to make their trades. Most of the companies are cooperating with investigators, and some - including Intel, McKinsey and Akamai - reportedly are conducting their own internal probes. Intel also put Rajiv Goel, an executive with its treasury department, on administrative leave after the charges were brought against him and five others. Here, eWEEK offers a look at who is involved with the case.
 
 
 

IBM, Intel Executives Involved in Ongoing Insider Trading Case

The $25 million insider trading scandal that touched such IT heavyweights as AMD, IBM and Intel has now lead to charges against six people from Silicon Valley and Wall Street. The case continues to roil both coasts. Federal prosecutors say executives from IBM, Intel and McKinsey & Co. gave nonpublic information on such companies as AMD, Sun Microsystems, Google, PolyCom and Akamai to two directors at two hedge funds, Galleon Management and New Castle Funds, which used the information to make their trades. Most of the companies are cooperating with investigators, and some - including Intel, McKinsey and Akamai - reportedly are conducting their own internal probes. Intel also put Rajiv Goel, an executive with its treasury department, on administrative leave after the charges were brought against him and five others. Here, eWEEK offers a look at who is involved with the case.
IBM, Intel Executives Involved in Ongoing Insider Trading Case
 
 
 
 
 
 
 
 
 
 
 

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