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Moffat became entangled with a female trader employed by Galleon
IBM executive Robert Moffat has been given six months in jail and a $50,000 (£32,000) fine for his part in the US's biggest insider trading case.
Moffat, once tipped as a future chief executive, had worked for 30 years at IBM when he was arrested last October.
He was accused of a minor role, passing tips to Danielle Chiesi, a trader with whom he was having an affair.
Ms Chiesi worked for Galleon, the hedge fund at the centre of investigations, and will stand trial in January.
Her boss, Galleon founder Raj Rajaratnam, is accused along with 20 others of involvement in the insider trading scam, that allegedly made $50m in illegal profits.
His trial is also expected to begin in January.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Moffat became entangled with a female trader employed by Galleon IBM executive Robert Moffat has been given six months in jail and a $50,000 (£32,000) fine for his part in the US's biggest insider trading case.
Moffat, once tipped as a future chief executive, had worked for 30 years at IBM when he was arrested last October.
He was accused of a minor role, passing tips to Danielle Chiesi, a trader with whom he was having an affair.
Ms Chiesi worked for Galleon, the hedge fund at the centre of investigations, and will stand trial in January.
Her boss, Galleon founder Raj Rajaratnam, is accused along with 20 others of involvement in the insider trading scam, that allegedly made $50m in illegal profits.
His trial is also expected to begin in January.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.