Khan, Rajaratnam Witness, May Nail Others In Insider Case

Dec 5 2011 | 11:21am ET

Once expected to be the star witness against Galleon Group founder Raj Rajaratnam, Roomy Khan's questionable past led prosecutors to exclude her entirely from the insider-trading trial of the century. But the former Galleon trader and Intel Corp. employee may yet prove her worth in court.

Khan is "continuing to cooperate in connection with the investigation of at least one individual who has not yet been charged," prosecutors said in a letter made public on Thursday. Khan, who pleaded guilty to insider-trading charges as part of her cooperation agreement, was to be sentenced today, the same day Rajaratnam, who was convicted without her testimony, is to report to prison to begin an 11-year term.

Khan will now be sentenced in March.

It is unclear who Khan is cooperating with prosecutors about. But if her assistance should lead to an arrest or two, the past that kept her out of the Rajaratnam trial—her guilty plea on the Galleon insider-trading charges was her second insider-trading conviction—will certainly be exploited by a new set of defense attorneys.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.