Bloomberg – Former Galleon Group LLC trader Michael Kimelman said he wants jurors at his upcoming insider- trading trial to be told that he could have avoided jail by admitting guilt and rejected a plea deal because he’s innocent.
Kimelman is scheduled for trial on May 16 with fellow former traders Zvi Goffer and his brother, Emanuel Goffer, who are accused of being part of one of three rings that are the target of a nationwide U.S. probe of insider trading at hedge funds. All three have pleaded not guilty. Jurors in the case of Galleon Group co-founder Raj Rajaratnam ended their 11th day of deliberations without reaching a verdict yesterday.
