Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 15 September 2010 09:12

IBM bloke gets six months

Written by Nick Farell
ibmy_handcuffs

Insider trading
Former IBM executive Robert Moffat has been jailed for six months in jail for his part in a major insider trading scheme. U.S. District Court in Manhattan fined him  $50,000 after serving his jail time, which is due to begin on June 11 of 2011.

The former Biggish Blue boss admitted to revealing insider information about IBM, Lenovo, and AMD to New Castle Funds consultant Danielle Chiesi, who he was having a fling with. The crime allegedly spread to 12 other people, in two related insider-trading schemes, including Raj Rajaratnam, founder of hedge fund Galleon Group.

Apparently there was a lot of cash being made in information regarding Intel, Google, IBM, and AMD. Sheesh they should have just read Fudzilla.

Rajaratnam and Chiesi are awaiting trial next year.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments