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.


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