According to Dealbook Anil Kumar has been the consummate cooperator. Over the last
two years, he detailed an illicit scheme with a billionaire hedge fund titan, decoded
secretly recorded conversations and gave stunning performances in two of the
largest insider trading cases in history.
The government thanked him by letting him off with no jail time. On
Thursday, Kumar, a former top partner at the prestigious consulting firm
McKinsey & Company, was sentenced to two years of probation for insider
trading. He will have to repay more than $2 million in ill-gotten gains. Kumar has been a crucial guide and witness
for the federal government in its widespread crackdown on insider trading.
The multiyear investigation has spanned the corporate
ladder, from a low-level secretary to a director of some of the nation’s
best-known companies……Kumar proved particularly useful as prosecutors built
their signature cases against Raj Rajaratnam, the billionaire who founded the
Galleon Group, and Rajat K. Gupta, the former managing partner of McKinsey and
a former director at Goldman Sachs and Procter & Gamble. Kumar was friends
with Mr. Gupta and Rajaratnam, and shared confidential information with the
hedge fund manager….
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