For example, just what the fraud squad found...
Insider trading case reveals Apple, Intel secrets leaked on wiretap
By Jacqui Cheng | Published about 7 hours ago
An unidentified person at financial services company Goldman Sachs has been fingered for leaking secrets about Apple and Intel to hedge fund founder Raj Rajaratnam, according to Reuters. The details came out as part of a larger insider trading investigation into those involved with Rajaratnam, though the person in question has not been charged as of yet.
A lawyer for one of the parties being investigated, former Goldman board member Rajat Gupta, mentioned the Apple and Intel leak as part of an argument that the unidentified person was more deserving of insider trading scrutiny than Gupta. "[T]he government had a person who provided confidential information to Raj Rajaratnam about Apple and Intel," the lawyer was quoted saying. The alleged Apple/Intel source was reportedly caught on wiretap leaking the info to Rajaratnam.
Gupta himself is accused of leaking information about Goldman Sachs and Proctor & Gamble to Rajaratnam from 2007 to 2009—he is not directly related to the Apple leak except that Gupta and the unidentified person both leaked information to Rajaratnam. "[T]here is a much more circumstantial case that person should be sitting in the box rather than us," Gupta's lawyer said.
SOURCE:
http://arstechnica.com/apple/news/2012/03/insider-trading-case-reveals-apple-intel-secrets-leaked-on-wiretap.ars?clicked=related_right
Thank you, think! Remember the J. Geils Band?
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