Thursday, 7 May 2015
Last updated 13 hours ago
Apr 26 2011 | 1:43pm ET
And then there were three.
Prosecutors are poised to win the 21st guilty plea in the Galleon Group insider-trading case when former Galleon trader Craig Drimal enters his today, a court clerk said. Drimal's plea comes less than a week after he lost a bid to have the wiretaps at the center of the case thrown out, and just days after another of his co-defendants, lawyer Jason Goldfarb, also pleaded guilty.
Drimal's plea will leave just three defendants—out of an original seven—to face a jury in the second major trial stemming from the Galleon case. Galleon founder Raj Rajaratnam is currently awaiting a jury's verdict, which did not come after one day of deliberations.
Drimal is accused of being part of the second of two interlocking insider-trading rings in the case, his allegedly helmed by former Galleon trader and Incremental Capital founder Zvi Goffer. Goffer, his brother, Emanuel and Michael Kimelman, both formerly of Incremental, are the only remaining defendants in the case. Their trial is to begin on May 16.
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…