IBM & INTEL EXEC's CHARGED WITH INSIDER TRADING

[Anonymous]

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.

[Author]

October 20, 2009 at 10:22 AM