Tuesday, 26 May 2015
Last updated 3 days ago
Mar 4 2010 | 6:47am ET
Federal prosecutors officially won their 10th guilty plea in the Galleon Group insider-trading case yesterday. Ali Hariri admitted tipping off former hedge fund manager Ali Far, a cooperating witness who has also pleaded guilty in the case, about developments at Atheros Communications, where he worked.
Hariri pleaded guilty to conspiracy and fraud charges two weeks after prosecutors said he had agreed to waive indictment. Prosecutors said he passed on the confidential information between 2008 and March 2009; Hariri was arrested in November.
A total of 21 people, including Galleon Group founder Raj Rajaratnam, have been charged in the largest insider-trading case in U.S. history. Rajaratnam and eight others have pleaded not guilty.
Hariri will be sentence on June 10. He faces up to 30 months in prison.
Hariri is the second person to plead guilty in the case without a cooperation agreement with the government. New Castle Partners founder Mark Kurland, the former boss of Rajaratnam co-defendant Danielle Chiesi, also pleaded guilty without a deal with prosecutors.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…