Gov’t witness: Galleon initiator paid on behalf of tips
The 52-year-old Kumar, of Saratoga, Calif., pleaded guilty to securities fraud charges previous day and testified at home the hopes of clemency next to sentencing. Kumar, who worked designed for McKinsey & Co. on behalf of further than 23 years earlier his October 2009 arrest, testified remaining week with the intention of he met Rajaratnam once they both attended the University of Pennsylvanias Wharton instruct all the rage the young 1980s. taking into account preliminary Galleon company LLCa relatives of defend from funds to shut up down taking into account his arrest Rajaratnam free him hundreds of thousands of dollars on behalf of inside tips, Kumar alleged. with the ATI-AMD deal went through, Rajaratnam called Kumar by homewards and assumed something like, Youre a star or else Youre a hero, Kumar testified Monday.