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New charges that ex Intel exec stole $50 million

Credit: Louis Lanzano, AP

Raj Rajaratam, the former chief of Intel's investment funds, was hauled into court.

by Associated Press

kgw.com

Posted on February 8, 2010 at 10:21 AM

Updated Wednesday, Feb 10 at 2:43 PM

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.
 

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Comments: Displaying 1 - 15 of 15

fggramma said on February 10, 2010 at 10:51 AM

Ditto what a surprise...I wonder how many others turned their back on the behavior!?? Maybe they will have Survivor Santa Clara? Or will they get invited for a chance to work for Trump?

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cybersleuth said on February 9, 2010 at 6:44 PM

washcomom, I understand what you were saying about the picture, and did not see if as a racial comment. To me, the picture itself looks a preview for an upcoming S.W.A.T program on TV.

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cybersleuth said on February 9, 2010 at 6:40 PM

The article doesn't mention if Rajiv Goel had family in the area. I feel sorry for his kids in school who will get the fallout from this. Shame on that greedy man.

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washcomom said on February 9, 2010 at 10:41 AM

@wacee - Most of the hedge fund operatives have been caucasian. This man is of a different race. The police officers show different races. All I'm saying is that it's a global effort in the war against evil, and truth will prevail.

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pdx_tdi said on February 8, 2010 at 11:23 PM

g642sp: so what would you have said if the guy was black? Just because he is of south asian descent, doesnt mean you have to spill your ignorant uneducated brains here and make comments about his race.

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speakthetruth said on February 8, 2010 at 7:29 PM

So, in an article about Goel, you show Rajaratnam's photo?

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g642sp said on February 8, 2010 at 6:52 PM

And just think he could have sold slurpees for a living and still be free?

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elorentzen said on February 8, 2010 at 5:44 PM

They have the death penalty for this in China. So when are we going to realize the richest men in America stole it from the people? Let's eat the rich.

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corporatemom said on February 8, 2010 at 5:36 PM

Are you surprised. Insider trading happens all the time. They deserve what they get.

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thewacee said on February 8, 2010 at 3:35 PM

washcomom, what are you talking about?

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adamg said on February 8, 2010 at 1:39 PM

This would be the perfect crime to have a death penalty case.

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washcomom said on February 8, 2010 at 12:23 PM

Love the diversity in the photo. Evil knows no bounds, and good will come out on top!

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himhandy said on February 8, 2010 at 12:19 PM

Greed, greed, greed.

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yayforthetax said on February 8, 2010 at 11:40 AM

bu bu bu bu...doing!

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thewacee said on February 8, 2010 at 11:24 AM

Big suprise

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