Forbes – The Wall Street Journal has reported that federal criminal authorities are investigating Goldman Sachs analyst Henry King who they believe leaked inside information to hedge funds. King, a respected analyst at Goldman, covered high-tech supply chains in Taiwan. One of King’s clients that he supported was Galleon Group.
Galleon Group, co-founded by Raj Rajaratnam, has closed its operations and Raj is now serving an 11 year prison sentence after being found guilty of charges related to insider trading. Rajat Gupta, a former friend of Rajaratnam and a former member of Goldman Sach’s board, has also been charged with insider trading and his trial begins in April. This investigation into King represents a new direction in the insider trading investigation in New York that has already led to convictions of 56 people.
