• 07 Jan 2010 at 3:10 PM

Anil Kumar Pleads Guilty In Galleon Case

By

The former McKinsey director pleaded guilty to one count of securities fraud and one count of conspiracy to commit securities fraud in Federal District Court in Manhattan.

Mr. Kumar told the court that he had leaked to Mr. Rajaratnam that Advanced Micro Devices was planning to acquire ATI Techonologies. The leak occurred in March 2006 before news reports about the deal had surfaced. He said that Mr. Rajaratnam told him, “Anil, you are a hero.”

Kumar, visibly crying, also apologized to his colleagues “for the shame they have suffered,” but did not specify if he was talking about shame as it related to insider trading, or for the rap AK wrote and recorded while at the firm.


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Comments (45)

Older Comments
  1. 1
    Posted by guest | January 7, 2010 at 11:17 AM

    pussy.
    -raj raj

  2. 2
    Posted by guest | January 7, 2010 at 11:24 AM

    McKinsey sucks harder than UBS, both of which have sent former employees to prison this week.

  3. 3
    Posted by guest | January 7, 2010 at 11:28 AM

    Fuck you, KUMAR!
    Doogie Howser

  4. 4
    Posted by guest | January 7, 2010 at 11:28 AM

    I thought McKinsey didn't advertise?

  5. 5
    Posted by guest | January 7, 2010 at 11:30 AM

    I like Indian music. Anyone know how I get that on my iPod?

  6. 6
    Posted by Full Cover | January 7, 2010 at 11:32 AM

    Analkummer is back at it again…

  7. 7
    Posted by guest | January 7, 2010 at 11:35 AM

    Smart career move.
    A little hard time = street cred = chart magic.
    Plus with McKinsey on his resume, Anil Kumar could be the next CEO of Death Row Records.

  8. 8
    Posted by Subprime All Star | January 7, 2010 at 11:36 AM

    Wasn't this the theme song from Weekend at Bernie's 2 or possibly the waterfall scene in Cocktail?

  9. 9
    Posted by guest | January 7, 2010 at 11:44 AM

    this is me playing the worlds smallest air sitar
    -the fiddler

  10. 10
    Posted by guest | January 7, 2010 at 11:46 AM

    So these are the wall street fat cats america bailed out with tax money?? All the hedge fund bankers had their hands out to rob us when they were making millions "insider trading" while hard working americans foot the bill!
    Where is the outrage?!?!

  11. 11
    Posted by guest | January 7, 2010 at 11:51 AM

    @8, here's the song from Weekend at Bernie's II http://www.youtube.com/watch?v=lZ_y3YohJ10
    Close but no cigar. Not too many steel drums in Indian music these days.

  12. 12
    Posted by guest | January 7, 2010 at 11:57 AM

    @10,
    I'll type quickly because I realize that your ten minute smoke break must almost be over and the chickens won't pluck themselves.
    If you'd consider a new position with more responsibility I have a shovel and a shovel ready project for you.

  13. 13
    Posted by guest | January 7, 2010 at 12:05 PM

    @12 = B of A investment banker who started out as an analyst at Dean Witter when it was part of Sears and did a long stint at Prudential Securities before landing a 3 year deal in the late 90s as a tech banker at Robby Stevens only to be canned at the end and picked up in 2005 (after be a 'consultant' for a few years) as a 10th year VP in the FIG group at B of A. Nice.

  14. 14
    Posted by guest | January 7, 2010 at 12:14 PM

    @13, you lost me at BofA. Is yours a "feel good story" I'll have my assistant get the popcorn.

  15. 15
    Posted by guest | January 7, 2010 at 12:16 PM

    @13, BofA investment banker is an oxymoron. Tool.

  16. 16
    Posted by guest | January 7, 2010 at 12:24 PM

    @10,
    You're looking for outrage? Please see @13, as his/her panties are in a wad.
    @12

  17. 17
    Posted by CoveredLong | January 7, 2010 at 12:32 PM

    @15 – Technically it isn't…but I definitely agree with you about #13.

  18. 18
    Posted by guest | January 7, 2010 at 12:40 PM

    @13, WTF are you talking about?

  19. 19
    Posted by guest | January 7, 2010 at 12:51 PM

    BREAKING NEWS: Here is one of the HARD CORE videos found in his office:
    http://www.youtube.com/watch?v=Ros73m7xBRA

  20. 20
    Posted by InfiniteGuest | January 7, 2010 at 12:54 PM

    Insider trading should be legal.

  21. 21
    Posted by guest | January 7, 2010 at 12:59 PM

    AnalKumhammer 5

  22. 22
    Posted by guest | January 7, 2010 at 6:35 PM

    Raj Rajarotinjail

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