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.
Kumar pleaded guilty in January to providing Rajaratnam with information about pending mergers including a takeover of ATI Technologies by Advanced Mirco Devices in 2006. After receiving the info, Raj told Kumar: "Anil, you are a hero," according to prosecutors.
If you're looking for a way to commemorate Kumar, please take a moment now to rock out to his rap. Full volume, no headphones.