Monday, October 19, 2009

Colleagues Finger Billionaire - WSJ.com

Colleagues Finger Billionaire - WSJ.com: "Some of the allegations describe trading based on advance knowledge of developments at Intel Corp., where the federal criminal complaint alleges Mr. Rajaratnam boasted of having a source. One of those facing conspiracy and securities-fraud criminal charges, as well as civil insider-trading charges, is Intel executive Rajiv Goel, an executive in Intel's treasury department. The SEC complaint alleges he gave Mr. Rajaratnam information about impending Intel earnings releases and also information related to Intel's dealings with Clearwire Corp. That wireless Internet carrier was recapitalized as part of a transaction that included an Intel investment. Clearwire declined to comment.
The criminal complaint says that in a call intercepted in 2008, Mr. Goel asked Mr. Rajaratnam to get him a job 'with one of your powerful friends,' as he was 'tired' of working at Intel."

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