Former Intel Exec Goel Pleads Guilty In Galleon Case

Law360, New York (February 8, 2010, 5:57 PM EST) -- A former Intel Corp. executive pled guilty Monday to securities fraud in the massive insider trading case centered on hedge fund billionaire Raj Rajaratnam, which regulators claim involves more than $25 million in ill-gotten gains.

Rajiv Goel — a former director in strategic investments at Intel Capital, the investment arm of the technology giant — told the U.S. District Court for the Southern District of New York that he was guilty of conspiracy and securities fraud.

Goel also agreed to cooperate with the federal government in...
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