Tuesday, September 25, 2012

Crucial Witness in Rajaratnam Trial Receives Probation



Holy Hannah!  NY Times’ Deqalbook reports that a former Intel exec who leaked secret information about his employer to Raj Rajaratnam, the fallen hedge fund billionaire, avoided prison on Monday when a judge sentenced him to two years’ probation.

The former executive, Rajiv Goel, provided prosecutors with extensive assistance in prosecuting Mr. Rajaratnam. During the hedge fund titan’s trial in 2011, Mr. Goel was one of the three crucial government witnesses who testified against him.

The other two witnesses — Anil Kumar, a former McKinsey & Company executive, and Adam Smith, a Harvard-educated former Galleon Group trader — also received probationary sentences. 
Mr. Rajaratnam is now serving an 11-year sentence at a federal prison in Massachusetts.,,,,

Read the rest at http://dealbook.nytimes.com/2012/09/24/a-key-witness-in-rajaratnam-trial-receives-probation

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