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Posts Tagged ‘Rajiv Goel’

Former Intel Executive Pleads Guilty to Fraud, Conspiracy

As expected, Rajiv Goel, an ex-Intel treasury department executive, pleads guilty to securities fraud and conspiracy in connection with the massive Wall Street insider trading scandal. Goel faces up to 20 years in prison when he is sentenced in May. Prosecutors say he is cooperating with investigators.
– Rajiv Goel, the former Intel executive charged in a massive Wall Street
insider trading case, has pleaded guilty to two charges.
Goel made his plea Feb. 8 in U.S. District Court in New
York. The guilty
plea was expected after federal prosecutors filed papers Feb. 4 saying Goel
was waiving indic…


Former Intel Executive Pleads Guilty to Fraud, Conspiracy

As expected, Rajiv Goel, an ex-Intel treasury department executive, pleaded guilty to securities fraud and conspiracy in connection with the massive Wall Street insider trading scandal. Goel faces up to 20 years in prison when he is sentenced in May. Prosecutors say he is cooperating with investigators.
– Rajiv Goel, the former Intel executive charged in the massive Wall Street insider trading case, has pleaded guilty to two charges.
Goel made his plea Feb. 8 in U.S. District Court in New York. The guilty plea was expected after federal prosecutors filed papers Feb. 4 saying that Goel was waiving in…


Former Intel Exec May Plead Guilty in Insider Trading Case

According to published reports, Rajiv Goel, a former Intel treasury department manager, could plead guilty as soon as Feb. 8. Goel reportedly waived indictment, a necessary step before pleading guilty. Goel was among more than 20 people charged in the insider trading scheme, which prosecutors say generated more than $20 million in illegal gains.
– Rajiv Goel, the former Intel executive named in a massive Wall Street
insider trading scandal, could plead guilty to charges as early as Feb. 8,
according to published reports.
Federal prosecutors filed papers Feb. 4 in U.S. District Court
in New York indicating that the 51-year-old, who was pla…


Intel Exec Charged in Trading Scandal Leaves Company

Rajiv Goel, the Intel executive charged with giving inside information regarding Intel and Clearwire to a hedge fund manager, is no longer with the chip maker, having left at the end of 2009. Goel was among several tech executives accused in the scheme, which investigators said generated more than $20 million in illegal gains. Also charged in the case was former IBM executive Robert Moffat.
– Rajiv Goel, the executive with Intel’s treasury unit who was charged in
connection with a massive Wall Street insider trading scheme that also
allegedly involved a high-ranking IBM
official, reportedly is no longer with the company.
Goel, who was placed on administrative leave after his arrest, …


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 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.
– …


Ex-AMD CEO Ruiz Leaves Globalfoundries, Moffat Out at IBM

The insider trading scandal that investigators said generated $25 million in illegal profits has continued to roil at the high-tech firms involved. Robert Moffat, a high-ranking IBM executive who had been seen as a possible future CEO at the company, has left IBM, and former AMD CEO Hector Ruiz is stepping down as chairman of Globalfoundries. In addition, Intel has hired a law firm to conduct an internal investigation connected to the case, which has led to charges against Rajiv Goel, an executive with Intels treasury department.
– The fallout from the $25 million insider trading scandal that included the
arrests of executives from IBM and Intel is
continuing.
Robert Moffat, the former head of IBMs
$20 billion hardware business who had been placed on leave after being charged
with giving
confidential information regardin…


Head of IBM Hardware Unit Charged in Insider Trading Scheme

Robert Moffat, senior vice president in charge of IBM’s hardware business, is one of seven people named by the SEC as part of an insider trading scheme that illegally netted $25 million. Moffat and Intel Treasury executive Rajiv Goel are among those accused of giving insider information on such companies as Google, AMD and Sun Microsystems to two managers at New York-based hedge funds, who allegedly used the information in their trades.
– Robert Moffat, a 31-year IBM veteran who
currently is in charge of the tech vendor’s hardware business, is one of seven
people charged in an insider trading scheme that federal investigators say
generated $25 million in illegal gains.
Moffat was named in a complaint Oct. 16 filed by the Securiti…