US Wants Light Sentence For Galleon Group Mole

Law360, New York (January 10, 2012, 4:30 PM EST) -- U.S. prosecutors asked a federal judge Monday to give a light sentence to ex-Chelsey Capital trader David Slaine, who pled guilty to securities fraud but whose work as a source for the government facilitated the high-profile Galleon Group LLC insider trading sting and several prosecutions.

Slaine wore a wire for the government during several conversations about insider trading with Craig Drimal, Zvi Goffer and other Galleon conspirators, eventually leading to their convictions and helping to uncover Galleon founder Raj Rajaratnam's extensive fraud, according to the sentencing...
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