Admitted Galleon Tipster Settles SEC Case

Feb 7 2011 | 10:06am ET

Yet another Galleon Group insider-trading jailbird has struck a deal with the Securities and Exchange Commission.

Ali Hariri, a former vice president at Atheros Communications, agreed to pay $2,665.68 in disgorgement and prejudgment interest, the regulator said. He also agreed to be barred from serving as an officer or director of a public company.

Hariri pleaded guilty last year to passing confidential information to hedge fund manager Ali Far as was sentenced to 18 months in prison. Far has also pleaded guilty and is cooperating in the investigation.

Hariri's settlement with the SEC follows two others involved in the Galleon case last week: That of Mark Kurland, former head of hedge fund New Castle Partners, and Robert Moffat, a former IBM executive.

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