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.
Wall Street Journal (subscription needed)
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