Sunday, September 9, 2012

Key Rajaratnam Witness to Be Sentenced





A disgraced former Intel exec whose testimony helped convict the hedge fund billionaire Raj Rajaratnam of insider trading crimes deserves a lenient sentence because of his cooperation with the government, federal prosecutors said on Friday, NY Times' Dealbook reports.  In a letter to Judge Barbara Jones, the United States attorney’s office in Manhattan praised the cooperation of Rajiv Goel, the former Intel executive….

Mr. Goel, 54, is set to be sentenced on Wednesday in Federal District Court in Manhattan. He was one of three main government witnesses who pleaded guilty to conspiring with Mr. Rajaratnam in a far-reaching insider trading conspiracy and then testified against him during his trial….

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