September 13, 2010 by staff
Danielle Chiesi, Moffat confessed saying Chiesi on sales of IBM servers disappointing AMD pending spin-off of its factories and Lenovo gains. He knew about AMD’s plans because he needed a permit chips from IBM and what he knew about Lenovo’s performance because he was on his board have been instrumental in the sale of the PC unit of IBM China.
In the reports, weeping and repentant Moffat ordered to report to prison on June 30, 2011, after his daughter graduates from college.
Chiesi former head of New Castle co-founder Mark Kurland, the first of the mafia Galleon to be convicted, drew 27 months. He made money in illegal trafficking.
Chiesi, who maintains his innocence despite hours and hours of wiretaps of the government, goes to trial in January with Galleon founder Raj Rajaratnam, the reputed kingpin behind the scandal. Profits from illegal operations and allegedly amounted to more than 50 million.
Moffat, 54, apparently made no money on the deal. He did it to impress your lover.
This reasoning did not satisfy Conde District Judge Deborah Batts, who apparently remains confused. Bloomberg quotes her saying, “Why the defendant betrayed the only employer he has had throughout his career has not addressed. Its amazing violation of their fiduciary duty to his employer is why they are here.”
There’s nothing like six months in jail for rounding curriculum vitae.
Robert Moffat, the IBM server and former head of chips, which supposedly had the opportunity to be appointed CEO of Big Blue one day, was sentenced Monday to six months in prison for blabbing secrets from her friend Danielle Chiesi. Chiesi, unfortunately, just happened to be at the heart of what the government calls the largest hedge fund insider trading scandal ever.
The phrase is exactly what the prosecutor asked. Moffat was waiting for parole.
You also have to pay a fine and 50,000. He pleaded guilty to securities fraud and conspiracy to commit securities fraud, as a dozen of the 21 accused in the case.
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