A former Intel executive charged in a massive insider trading case is expected to give up his fight against the charges.
Rajiv Goel is scheduled to appear Monday afternoon in Manhattan federal court. Last week, prosecutors filed papers that would pave the way for a plea.
He may be joining eight others who have already pleaded guilty. Authorities call it the largest hedge fund insider trading case in history.
Goel's lawyers have declined to comment prior to the hearing.
So far, 21 people have been charged in the case. They include hedge fund operator Raj Rajaratnam, one of America's richest men.
Goel, a resident of Los Altos, Calif., is the former director of strategic investments at Intel Capital, the investment arm of Intel Corp.
