IBM & INTEL EXEC's CHARGED WITH INSIDER TRADING

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IBM & INTEL EXEC's CHARGED WITH INSIDER TRADING

 user 2009-10-20 at 10:21:37 am Views: 37
  • #22787

    http://blogs.computerworld.com/14941/ibm_intel_execs_charged_with_insider_trading
    IBM & INTEL EXEC’s CHARGED WITH INSIDER TRADING
    Executives from Intel Capital and IBM face insider trading charges after allegedly scheming to provide information that others used to reap millions of dollars in illegal profits, the U.S. Securities and Exchange Commission on Friday. The SEC charged six individuals for conspiring to execute trade securities using confidential information from companies including Intel, Google and Advanced Micro Devices. Executives charged included Robert Moffatt, senior vice president and executive in IBM’s systems and technology group, and Rajiv Goel, who is Intel treasury’s managing director of investments. The SEC filed a complaint in the U.S. District Court for the Southern District of New York. Moffatt and Goel allegedly provided insider information about companies including Sun Microsystems and Intel.