Rajiv Goel | |
---|---|
Citizenship | United States |
Alma mater | The Wharton School |
Occupation | Financier |
Employer | Intel |
Title | Director of Strategic Investments, Intel Capital |
Criminal charge(s) | securities fraud, conspiracy (October 16, 2009) |
Criminal penalty | Two years' probation |
Rajiv Goel is a former American executive at Intel. He was a managing director in Intel's treasury department and a director of strategic investments at Intel Capital.
In 2009, he was arrested for insider trading with friend and hedge fund founder Raj Rajaratnam, in a sprawling US federal investigation centered on the Galleon Group. He pleaded guilty to securities fraud and conspiracy in February 2010. [1] In 2011 he testified against Rajaratnam and in 2012 was sentenced to two years' probation. [2]
Goel met Rajaratnam while they were both students at Wharton business school. He testified in the high-profile case U.S. v Rajaratnam against the hedge fund billionaire.
Insider trading is the trading of a public company's stock or other securities based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information are illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime.
Rajat Kumar Gupta is an Indian-American business executive who, as CEO, was the first foreign-born managing director of management consultancy firm McKinsey & Company from 1994 to 2003. Gupta was a board member of corporations including Goldman Sachs, Procter & Gamble and American Airlines, as well as an advisor to non-profit organizations such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. He is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions.
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Rajakumaran Rajaratnam is a Sri Lankan-American former hedge fund manager and founder of the Galleon Group, a New York-based hedge fund management firm. He is also the author his memoir, Uneven Justice: The Plot to Sink Galleon.
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Anil Kumar is an Indian-American former senior partner and director at management consulting firm McKinsey & Company, where he co-founded McKinsey's offices in Silicon Valley and India and created its Internet practice among others. Kumar is additionally the co-founder of the Indian School of Business with Rajat Gupta and the creator of two different kinds of outsourcing. He graduated from IIT Bombay in India, Imperial College in the UK, and The Wharton School in the US.
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BJ Kang is an American Federal Bureau of Investigation special agent known for high-profile investigations of securities fraud. After leading the perp walk of Bernie Madoff in 2008 and Raj Rajaratnam in 2009, Reuters described him as possibly "the most feared man on Wall Street."
SEC v. Rajaratnam, 622 F.3d 159, is a United States Court of Appeals for the Second Circuit case in which defendants Raj Rajaratnam and Danielle Chiesi appealed a discovery order issued by a district court during a civil trial against them for insider trading filed by the Securities and Exchange Commission (SEC). The district court compelled the defendants to disclose to the SEC the contents of thousands of wiretapped conversations that were originally obtained by the United States Attorney's Office (USAO) and were turned over to the defendants during a separate criminal trial.
The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta. In these proceedings, the men were confronted with insider trading charges: Rajaratnam was convicted, Kumar pleaded guilty and testified as key witness in the criminal trials of Rajaratnam and Gupta, and Gupta was convicted in United States District Court for the Southern District of New York in Manhattan in June 2012.
David Vaclav Palecek was a junior partner at management consultancy McKinsey & Company and a protégé of Anil Kumar accused in the related Galleon Group insider trading cases with Kumar and former classmate Rengan Rajaratnam of leaking inside information about semiconductor company AMD while head of the semiconductor practice at McKinsey. He graduated with a BS from UC Davis and an MBA from the Stanford Graduate School of Business. He died in 2010 from complications of a staphylococcus infection.
Rajarengan "Rengan" Rajaratnam is a hedge fund manager. He is the founder of hedge fund Sedna Capital and the younger brother of convicted hedge fund founder Raj Rajaratnam. He was arrested for securities fraud in March 2013. His trial in New York City began in June, 2014 but he was found not guilty by the jury in July 2014.
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Joseph F. "Chip" Skowron III is an American former hedge fund co-portfolio manager of FrontPoint Partners LLC's health care funds. He was convicted of insider trading, for which he served five years in prison. He was also required to repay his hedge fund employer $32 million it had paid him in compensation, because he had been a “faithless servant.”
Michael A. Kimelman is an American entrepreneur, former trader, author, business coach, financial consultant and motivational speaker.
Uneven Justice: The Plot to Sink Galleon is a memoir by Raj Rajaratnam, founder of the Galleon Group, a New York-based hedge fund management firm now ceased in operation; the book was first published in December, 2021 by Post Hill Press.
Balyasny Asset Management is an American investment management firm headquartered in Chicago. Outside the U.S., it has additional offices in Canada, London and Asia.