Thursday, 30 June 2016
Last updated 4 hours ago
Jun 26 2012 | 12:56pm ET
The conviction of former McKinsey & Co. chief Rajat Gupta does not represent the end of the Galleon Group insider-trading case.
Tai Nguyen, of research firm Insight Research, surrendered to the Federal Bureau of Investigation this morning. Nguyen is facing insider-trading charges related to the Galleon case, although the exact allegations have not yet been made public.
Nguyen is expected to appear in Manhattan federal court later today. He is the 65th person to be arrested in the government's crackdown on insider trading.
Gupta was found guilty two weeks ago of passing confidential information about Goldman Sachs and Procter & Gamble, on whose boards he served, to Galleon founder Raj Rajaratnam.