On November 5, 2009, 14 more money managers and lawyers were named in the Galleon Insider Trading case:
1.STEVEN FORTUNA, formerly a Managing Director of S2 Capital LLC (“S2 Capital”), a hedge fund based in Boston, Massachusetts
2. ALI FAR, founder of Spherix Capital LLC (“Spherix”), a hedge fund based in California
3. RICHARD CHOO-BENG LEE, former President of Spherix
4. ROOMY KHAN, a California trader who served at certain times as a paid consultant to a hedge fund based in New York, New York and
5. GAUTHAM SHANKAR, a proprietary trader at Schottenfeld in New York, New York.
6. ZVI GOFFER (pictured here), who formerly worked at The Schottenfeld Group LLC (“Schottenfeld”), a broker dealer in New York, New York, and currently operates a trading firm called Incremental Capital (“Incremental”), in New York, New York
7. ARTHUR CUTILLO, an attorney at the law firm of Ropes & Gray LLP in New York, New York
8. JASON GOLDFARB, an attorney in New York, New York
9. CRAIG DRIMAL, who worked in the offices of the Galleon Group in New York, New York, but is not employed by Galleon
10. EMANUEL GOFFER, who formerly worked at Spectrum Trading LLC, a trading firm in New York, New York, and currently is associated with Incremental in New York, New York
11. MICHAEL KIMELMAN, currently associated with Incremental in New York, New York
12. DAVID PLATE, formerly employed by Schottenfeld, and currently associated with Incremental in New York, New York and
13. ALI HARIRI, a Vice President of Atheros Communications, Inc. (“Atheros”) in California
14. DEEP SHAH, who was formerly employed by Moody’s Investors Service, Inc. (“Moody’s”), in New York, New York, remains at large.
My Comment:
Glee at anyone’s misfortune, however deserved, is unseemly. But can I indulge in a little satisfaction that at least once the high and the mighty didn’t get away with it.
A second note. Khans, Shankars, Shahs. Never let it be said that Asians cannot steal with the best of them. And if this is what’s being dredged up from the capital markets in New York, I’d just love to know what’s going on in Mumbai, Shanghai, and the rest of the globe…
Hiya Stranger!
Don´t get to excited—second and third teir players always get prosecuted to appear that the government is doing its job. None of these guys or Galleon are remotely white shoe ala GS, the old Drexel or top lawfirms. You will see a lot of the guys at the middle and botton of the pyramid scheme be made examples and so forth. Top guys, well they are running things. Sacrifical lambs.
Hi R,
Welcome back.
Well, yes..I suppose these are sacrificial lambs, which is why they’re so multiculti. Serves them right for thinking they could play on equal terms “wid Da Boyz.”
But let me have my moments of lonesome glee.
Where are you? In Peru?
L
Some glee is good! I suspect in the next few years there will be much political and prosecutorial theatre in the U.S. Course I am ever hopeful that fewer and fewer fall for it but alas against stupidity not even the gods can contend.
Am in Spain. Very pleasant. Write!
R