Ex-IBM Exec Cops To Conspiracy Charge In Galleon Suit

Law360, New York (March 29, 2010, 6:59 PM EDT) -- Former senior IBM Corp. executive Robert Moffat has pled guilty to conspiracy and securities fraud allegations arising from his role in the multimillion-dollar insider trading ring helmed by Galleon Corp. founder Raj Rajaratnam.

Moffat pled guilty Monday to one count of conspiracy and one count of securities fraud in the U.S. District Court for the Southern District of New York, Moffat's lawyer and the U.S. attorney’s office confirmed.

U.S. Attorney Preet Bharara praised the guilty plea, the 11th to be filed in connection with the Galleon...
To view the full article, register now.