A former Intel executive pleads guilty to conspiracy and securities fraud by providing confidential information in the Galleon Group insider-trading case.
A high-ranking IBM executive charged with insider trading connected to the Galleon Group has left the company.
Hector Ruiz, the former CEO and chairman of Advanced Micro Devices, has been linked to the insider-trading case, according to a Wall Street Journal report.
Former Xilinx big shot implicated in scheme to tip off Galleon hedge fund manager who used the inside info to short company's stock.
After pleading guilty in March, former senior VP Robert Moffat is sentenced to six months in jail over his role in a hedge fund insider trading case.
Employees of Intel, IBM, and McKinsey have been charged by federal prosecutors with providing insider information to hedge fund managers.
Hector Ruiz, chairman of spin-off Globalfoundries, will resign with an immediate leave of absence in effect. The announcement follows the emergence of his name in connection with an insider trading case.
An unnamed AMD executive is cited repeatedly in the government's complaint charging six people with securities fraud.
A complaint by the government details how an executive from Intel Capital and one at McKinsey & Company allegedly participated in an insider-trading ring.
Hector Ruiz, now at the center of a Silicon Valley scandal, was quick to rail against Intel's alleged unscrupulous business practices.