Ahead of his trial for insider trading, the array of insider information that Zvi Goffer AKA Mr. Octopussy AKA Dances with Tracksuits allegedly dipped each and every one of his tentacles in has resulted in 6 extra charges, bringing the ex-Galleon trader and founder of Incremental Capital’s total to 14.

The investigation of Zvi Goffer, Jason Goldfarb, Craig Drimal, Michael Kimelman and Zvi’s brother Emanuel Goffer was connected to the one that ensnared Galleon Group founder Raj Rajaratnam, whose trial is ongoing in lower Manhattan federal court. The five men weren’t immediately reached for comment. The ring involving Mr. Goffer, who authorities said was nicknamed “Octopussy” because he had so many sources of information, overlapped with the chain of information leading to Mr. Rajaratnam, prosecutors have said. Overall, 19 of 26 people charged in the probe have pleaded guilty.

The 14-count indictment charges Mr. Goffer with six new counts of securities fraud relating to alleged insider trading in the stocks of 3Com Corp. and Axcan Pharma Inc. and drops one count from the indictment handed up in January 2010. Mr. Drimal is charged in four of the new counts, and Mr. Kimelman and Mr. Goldfarb in one each. The men are all charged with conspiracy to commit securities fraud as well.

New Charges In Insider Trading Case [WSJ]

Earlier: Alleged Insider Trader Emanuel Goffer “Needs A Hug”
The Morning After: Incremental Capital Holiday Party

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Comments (14)

  1. Posted by Tracksuited | April 8, 2011 at 5:56 PM

    Lynn “Cocktopussy” Tilton has not been named in the indictment and is free to continue with the controversial “strap-on nooners” CDO issuance.

  2. Posted by Anonymous | April 8, 2011 at 6:05 PM

    That dude looks like hell. The dude in the background, I mean.

  3. Posted by Guest | April 8, 2011 at 6:11 PM

    This is NBD. As a relative of King Joffe, he has diplomatic immunity.

  4. Posted by Horn Tooter | April 8, 2011 at 6:16 PM

    Tit moved.

    -Trader Gal

  5. Posted by Gaspro | April 8, 2011 at 6:21 PM

    I see you like guys that wear track suits. How about guys in shorts and wife beaters?

  6. Posted by Maria Buttaroma | April 8, 2011 at 6:23 PM

    Tit move for Raj, Raj?

  7. Posted by Anonymous | April 8, 2011 at 6:29 PM

    In the words of the immortal Jean-Paul Sartre, “au revoir, Goffer”

  8. Posted by Golf Clap | April 8, 2011 at 7:23 PM

    Sandy: I want you to kill every gophers on the golf course!

    Carl Spackler: Correct me if I’m wrong Sandy, but if I kill all the golfers, they’re gonna lock me up and throw away the key…

    Sandy: Not golfers, you great fool! Gophers! The *little* *brown*, *furry* *rodents* -!

    Carl Spackler: We can do that; we don’t even have to have a reason. All right, let’s do the same thing, but with GOFFERs !

  9. Posted by Spanishmoon | April 8, 2011 at 7:36 PM

    Zvi’s track suit zips in the back now.

  10. Posted by worthless comment | April 8, 2011 at 7:42 PM

    cock my balls

  11. Posted by Qui a Coupe La Frommage? | April 8, 2011 at 7:45 PM

    I bet even Madonna wont talk to Jean-Paul Sartre after his dumbass comments before fashion week.

    -AIG Fashion Quant

  12. Posted by HBO | April 8, 2011 at 7:48 PM

    I liked him better when he played Christopher Moltisanti on the Sopranos.

  13. Posted by East Texas Gas Trader | April 8, 2011 at 8:20 PM

    Never say “pushy” around Sean Connery.

  14. Posted by Tatiag | April 12, 2011 at 7:31 AM

    Interactive and visual Relationship Map showing Galleon Group’s ownerships [http://goo.gl/VfbDS] and Raj Rajaratnam’s relationships [http://goo.gl/PWmkp]

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