Prosecutors rested their insider- trading case against ex-Galleon Group LLC trader Zvi Goffer , who offered no evidence on his own behalf, while a lawyer for one of Goffer’s accused accomplices, Michael Kimelman , tried to show his client didn’t trade on illegal tips.
Prosecutors rested their insider- trading case against ex-Galleon Group LLC trader Zvi Goffer , his brother Emanuel, and accused accomplice Michael Kimelman as the traders offered evidence that they didn’t trade on illegal tips.
Zvi Goffer , the ex-Galleon Group LLC hedge fund trader, was convicted with his brother and a third defendant on all counts by a jury in the second trial to result from a nationwide crackdown by the U.S. on insider trading.
Former Galleon Group LLC trader Zvi Goffer , accused of leading one of three insider-trading rings that are the subject of a nationwide U.S. probe, was indicted along with four others on additional charges.
Former Galleon Group LLC trader Zvi Goffer , who is accused of leading an insider-trading ring, and four co-defendants urged a judge to dismiss the government’s case, citing the inadequacy of the evidence against them.
Jurors began considering the insider- trading case against Zvi Goffer , the former deputy of Galleon Group LLC co-founder Raj Rajaratnam , who is on trial with two other men in federal court in Manhattan.
“Devastating” wiretapped telephone calls in which ex-Galleon Group LLC trader Zvi Goffer is heard sharing illegal tips make for “overwhelming” evidence against him, a prosecutor said at the close of the insider-trading case.