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

Dec 17 2009 | 1:25pm 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...