Robert Moffat, head of IBM’s hardware business, is accused of giving inside information to a New York hedge fund manager and friend about IBM’s own finances as well as about AMD and Sun Microsystems. Wiretaps were a key tool in bringing the case together, according to court records. Moffat, a 31-year IBM veteran, was placed on leave following his arrest Oct. 16.
– Robert Moffat, head of IBM’s hardware
business, reportedly has been placed on leave amid allegations that he gave
insider information to a hedge fund manager over the past couple of years.
Moffat was one of six people charged Oct. 16 with an
insider trading scheme that federal investigators said…