Galleon Trader Turned FBI Cooperator Gets Probation

Law360, New York (June 26, 2012, 7:40 PM EDT) -- Adam Smith, a former Galleon Group LLC portfolio manager charged in the government's crackdown on insider trading, was sentenced to probation Tuesday after cooperating with prosecutors against his old boss, Raj Rajaratnam.

U.S. District Judge Jed S. Rakoff ordered Smith to serve two years' probation and pay about $120,000 in fines and criminal forfeitures. He pled guilty in January 2011 to securities fraud and conspiracy for insider trading ahead of Advanced Micro Devices' 2006 acquisition of ATI Technologies and other deals on behalf of Galleon....
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