Marvell employee accused of profiting in Galleon case

Posted by a staff writer

The chief witness testifying in the Galleon insider trading case has alleged that a Marvell executive took money to provide him with insider information.

According to the Wall Street Journal, Ali T. Far, a hedge fund trader, named the executive as Sam Miri and alleged that he wired payments to Miri through a broker.

Far has already pleaded guilty in the criminal and civil cases, that involves 20 defendants, including the Galleon founder, Raj Rajaratnam.

But Far did not disclose to a judge how much Miri was paid and the type of information that was allegedly passed on.

Miri has not been charged, and declined to comment on Far's allegations.

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