Gov’t.’s Top Galleon Witness Sees Guilty Plea OKed

Dec 17 2009 | 12:25pm ET

The government’s star witness against Galleon Group founder Raj Rajaratnam has pleaded guilty for the second time to insider-trading.

Khan, who previously admitted to trading on confidential information in 2002, had her guilty plea accepted by a federal judge in New York today, nearly two months after she entered it. She is cooperating with investigators in the insider-trading probe that has snagged Rajaratnam and 20 others. Rajaratnam and one of his co-defendants, former New Castle Partners executive Danielle Chiesi, were formally indicted on Tuesday for their roles in the $20 million trading ring.

Both Rajaratnam and Chiesi have proclaimed their innocence.

Khan is a former Intel analyst and Galleon employee.


In Depth

Q&A: SkyBridge’s Anthony Scaramucci Readies For Wall Street Week Debut

Apr 16 2015 | 12:56pm ET

Anthony Scaramucci, founder and managing director of asset management firm SkyBridge...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note