In a dramatic insider-trading case unprecedented in scope and involving some of Silicon Valley's iconic tech giants, federal prosecutors Friday charged six money managers and hedge-fund operators — including two from the South Bay — with conspiracy and securities fraud, alleging that the defendants earned $20 million selling and trading on secrets of firms including Intel and Google.
This case involves Raj Rajaratnam, founder of the New York hedge fund Galleon Group and one of the richest men in the world. Also charged are two well-known Silcon Valley operators — Rajiv Goel, an executive at Intel's treasury department, and Anil Kumar, an executive at the global consulting group Mc-Kinsey & Co.