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Goldman Director in Galleon Probe

Earlier this week, we told you prosecutors were examining trades made by Raj Rajaratnam in dozens of stocks that were previously undisclosed in the vast insider trading investigation. On the list were shares of Goldman Sachs, which Galleon allegedly traded right around the height of the financial crisis.

Today we learn from Susan Pulliam of The Wall Street Journal that investigators are zeroing in on soon-to-be-former Goldman director named Rajat Gupta. Gupta says he’s unaware of any probe.

Raj and others indicted in the probe are scheduled to go on trail in October. That leaves some time for prosecutors to bring charges against more people.

As part of that focus, the government is examining whether Rajat Gupta—a current Goldman director, former head of McKinsey & Company and close associate of Mr. Rajaratnam’s—shared inside information about Goldman, the people close to the situation say.

No criminal charges or other allegations have been filed against Mr. Gupta, nor is there any indication that investigators are looking at his own stock trading. A spokesman for Mr. Gupta said, “Mr. Gupta is unaware of any examination of any such issue and has done nothing wrong.”


Justice Department Probes Leaks in Galleon Case

Looks like Raj Rajaratnam’s complaints about leaks coming out the Justice Department on the Galleon case have not fallen on deaf ears. Raj’s attorney’s announced today that they have been informed by The DOJ’s Office of Professional Responsibility that it has opened an investigation into alleged leaks by the FBI and the U.S. Attorney’s office to the Wall Street Journal and other news outlets.

Letter Reveals More Names in Galleon Case

Roomy Khan, one of the key cooperating witnesses in the Galleon insider trading case, used her extensive rolodex of insiders to gain access to secret market-moving information. Recently released court documents show that list of contacts could be longer than we thought.

Former McKinsey Consultant to Pay $2.8 Million in Galleon Case

Anil Kumar, the former McKinsey & Co. consultant who pleaded guilty to passing confidential information to Raj Rajaratnam, has been ordered to pay about $2.8 million in disgorgement and penalties to settle related SEC charges against him.

Former Galleon Trader Franz Tudor Key to Galleon Case

Prosecutors are counting on recordings made by former Galleon trader Franz Tudor as key evidence against Zvi Goffer and other defendants in the wide-ranging insider trading case, new documents reveal.