Monday, 22 December 2014
Last updated 2 hours ago
Sep 21 2010 | 10:58am ET
Robert Moffat, the former IBM executive-turned-insider-trading tipster, was given until next June to begin serving his six-month sentence in the Galleon Group case. But the waiting, apparently, proved to stressful.
Instead, Moffat, who admitted to passing confidential information on to former New Castle Partners executive Danielle Chiesi, with whom he was having an affair, will turn himself by Nov. 5.
“Mr. Moffat has discussed this matter with his family and they collectively feel that the pendency of a prison sentence creates substantially more stress than the benefit of spending the holidays together,” his lawyer, Kerry Lawrence, wrote to the court.
U.S. District Judge Deborah Batts approved the earlier start to Moffat’s sentence. She had earlier given him until June 30 to begin his sentence, after he asked for the time to allow him to attend his son’s college graduation in May. Instead, he will now be out by May to attend the event.
Chiesi, who is Galleon founder Raj Rajaratnam’s co-defendant, has pleaded not guilty.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.