Welcome!

XML Authors: Liz McMillan, Elizabeth White, Sandi Mappic, Max Katz, Yakov Fain

Related Topics: XML, SOA & WOA

XML: Article

Third Galleon Culprit Draws Jail Time

Former Atheros Communications VP Ali Hariri was sentenced to 18 month in the slammer Monday

Former IBM server chief Robert Moffat must have just passed his first week in prison since his six-month sentence for whispering the wrong sweet nothings in the wrong ear was due to start November 5.

Former Atheros Communications VP Ali Hariri, another one of the extended Galleon hedge fund gang caught trading on insider information, was sentenced to 18 month in the slammer Monday.

He's the third of the lot to draw jail time after Moffat and New Castle Fund chief Mark Kirland, who drew 27 months. Hariri, who admitted divulging market-moving information on Atheros' financials, was also fined $50,000.

Meanwhile, former Intel treasury executive Rajiv Goel has been condemned to pay $254,000 for tipping the ring off to news about Clearwire and getting paid for it.

He won't be doing time because he's co-operating with authorities on its case against Galleon founder and wiretapped ringleader Raj Rajaratnam, who goes to trial January 17, along with Moffat's love interest Danielle Chiesi.

Roomy Khan, another Intel personality and a witness against Rajaratnam, is paying $1.9 million to settle a parallel case brought by the SEC on charges of conspiracy, securities fraud and obstruction of justice. This is her second conviction. She got busted for wire fraud in 2001.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.