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Former Intel Executive Rajiv Goel Sentenced In Manhattan Federal Court For Insider Trading

RAJIV GOEL, a former executive at Intel Corporation (“Intel”), was sentenced today to two years of probation for his participation in an insider trading scheme in which GOEL provided material, nonpublic information (“Inside Information”) about Intel to Raj Rajaratnam, the head of Galleon Group (“Galleon”). Rajaratnam then traded based, in part, on the Inside Information. GOEL pled guilty in February 2010 to one count of conspiracy to commit securities fraud and one count of securities fraud pursuant to a cooperation agreement with the government. He was sentenced in Manhattan federal court by U.S. District Judge Barbara S. Jones.