By Alexandria Sage
SAN FRANCISCO, Oct 23 (Reuters) - The woman said to be the informant at the center of the Galleon Group insider trading case was charged in 2001 for wire fraud for sending confidential information about her employer Intel Corp to the hedge fund, according to a court document.
U.S. prosecutors accused Roomy Khan of sending material nonpublic information about Intel, including billing reports, product pricing, and sales data about Intel microprocessors for the first and second fiscal quarters of 1998 to a fax machine in Galleon's New York offices.
According to the court document, Khan sent the information from a fax machine at Intel's Santa Clara office.
In criminal complaint, which was sealed at the time, Khan's last name was misspelled as 'Kahn.'
A representative for Intel declined to comment on Khan, but a federal court document identifies Roomy Khan as an Intel employee in 1998. Khan stopped working for Intel in 1998 according to a source familiar with the situation, who asked not to be named.
Last week, federal investigators brought criminal charges against Galleon founder Raj Rajaratnam and five others in the largest hedge fund insider trading case in history.
Roomy Khan has been identified in several media reports as one of the witnesses assisting federal investigators in the case.
According to reports, Khan is the informant known as 'Tipper A' in the U.S. Securities and Exchange Commission complaint, a hedge-fund manager who worked for Galleon in the 1990s and had acted as an informant and tried to rejoin Rajaratnam in 2005 amid personal financial difficulties. The Wall Street Journal first reported Khan's identity.
Attempts to contact Khan have been unsuccessful.
Galleon, which managed $3.7 billion at the end of last week and boasted strong returns through September, has told investors it would wind down its funds.
(Reporting by Alexandria Sage; Additional reporting by Clare Baldwin in San Francisco and Emily Chasan and Anupreeta Das in New York; Editing by Toni Reinhold) Keywords: INSIDERTRADING/ROOMY (emily.chasan@thomsonreuters.com; +1 646 223 6114; Reuters Messaging: emily.chasan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
SAN FRANCISCO, Oct 23 (Reuters) - The woman said to be the informant at the center of the Galleon Group insider trading case was charged in 2001 for wire fraud for sending confidential information about her employer Intel Corp to the hedge fund, according to a court document.
U.S. prosecutors accused Roomy Khan of sending material nonpublic information about Intel, including billing reports, product pricing, and sales data about Intel microprocessors for the first and second fiscal quarters of 1998 to a fax machine in Galleon's New York offices.
According to the court document, Khan sent the information from a fax machine at Intel's Santa Clara office.
In criminal complaint, which was sealed at the time, Khan's last name was misspelled as 'Kahn.'
A representative for Intel declined to comment on Khan, but a federal court document identifies Roomy Khan as an Intel employee in 1998. Khan stopped working for Intel in 1998 according to a source familiar with the situation, who asked not to be named.
Last week, federal investigators brought criminal charges against Galleon founder Raj Rajaratnam and five others in the largest hedge fund insider trading case in history.
Roomy Khan has been identified in several media reports as one of the witnesses assisting federal investigators in the case.
According to reports, Khan is the informant known as 'Tipper A' in the U.S. Securities and Exchange Commission complaint, a hedge-fund manager who worked for Galleon in the 1990s and had acted as an informant and tried to rejoin Rajaratnam in 2005 amid personal financial difficulties. The Wall Street Journal first reported Khan's identity.
Attempts to contact Khan have been unsuccessful.
Galleon, which managed $3.7 billion at the end of last week and boasted strong returns through September, has told investors it would wind down its funds.
(Reporting by Alexandria Sage; Additional reporting by Clare Baldwin in San Francisco and Emily Chasan and Anupreeta Das in New York; Editing by Toni Reinhold) Keywords: INSIDERTRADING/ROOMY (emily.chasan@thomsonreuters.com; +1 646 223 6114; Reuters Messaging: emily.chasan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.