IBM, Intel Execs Arrested Over Insider Trading

An anonymous reader writes to share a report from The Register stating that executives from IBM and Intel have been arrested as a part of insider trading allegations. "According to a report from the Associated Press, six people were arrested today as part of an insider trading case, including Bob Moffat, senior vice president and general manager of IBM's Systems and Technology Group; Rajiv Goel, director of strategic investments at Intel Capital; Anil Kumar, a director at management consultancy McKinsey & Co; and Raj Rajaratnam, the founder of the $7bn Galleon Group hedge fund."

Comments

Correction

[gbutler69]

Nice. So INDIAN executives at Intel, IBM, Bear Stearns, and McKinsey were tipping off an INDIAN Billionaire hedge fund manager. Any wonder _how_ he made those Billions, then? And all of them massive contributors to politicians. How nice. These INDIAN idiots should all go to jail, for a very long time. Maybe, use the per capita income of ordinary Americans that is being stolen away from them by a bunch of foreigners to judge their prison terms; 25M/43k/yr = 500 years between them. Some of them _might_ get out in time to die.

andy

There, fixed that for you