Ex-IBM Exec Gets 6 Months For Role In Galleon Ring

Law360, New York (September 13, 2010, 1:56 PM EDT) -- A federal judge sentenced former IBM Corp. executive Robert Moffat Jr. on Monday to six months in prison for passing along tips to alleged Galleon Group insider trading ring co-conspirator Danielle Chiesi, despite arguments that Moffat should be treated leniently because his tips didn't generate profits.

Judge Deborah A. Batts told lawyers at the hearing in the U.S. District Court for the Southern District of New York that Moffat engaged in an “astounding breach of fiduciary duty” by passing along confidential information to Chiesi, formerly of...
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