Rajaratnam’s ex-friend avoids prison for insider trading proof

A former Intel Corp executive, whose trial testimony helped convict hedge fund titan Raj Rajaratnam, avoided prison time on Monday for his role in the biggest insider-trading prosecution of a generation….

In sentencing [Rajiv] Goel, 54, to two years probation, U.S. District Judge Barbara Jones said his cooperation with the government “did go beyond” ordinary assistance, which his lawyers and prosecutors described in their pre-sentencing briefs. Jones fined Goel $10,000 and ordered him to forfeit $266,000.

via Rajaratnam’s ex-friend avoids prison for insider trading proof — Reuters.