Rajaratnam Prosecution Cooperator Dodges Jail

Law360, New York (September 24, 2012, 6:34 PM EDT) -- Former Intel Corp. executive Rajiv Goel was sentenced to two years of probation for tipping inside trader Raj Rajaratnam, avoiding prison by testifying against the hedge fund founder at trial.

U.S. District Judge Barbara Jones, who imposed the sentence at a hearing in New York federal court, also ordered Goel, 54, to pay a $10,000 fine.

Goel befriended Rajaratnam while both attended the prestigious Wharton business school in the 1980s. While working in Intel's treasury department in 2007, he provided Rajaratnam, who headed the Galleon Group...
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