Marvell employee accused of profiting in Galleon case

  • 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.