Reuters – U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe.
Moffat, once a candidate to succeed IBM Chief Executive Officer Samuel Palmisano, is scheduled to be sentenced on September 13 in Manhattan federal court for his role in what prosecutors describe as the biggest probe of insider trading at hedge funds in the United States.
