FACTBOX: Additional arrests in Galleon case

Thu Nov 5, 2009 5:15pm EST
 
[-] Text [+]

(Reuters) - Federal and state authorities have charged 14 people with fraud and conspiracy as part of an insider trading network that involves some of the same companies and individuals as the Galleon Group scandal.

Below are names of the defendants and cooperating witnesses, who have already pleaded guilty, according to charges filed against them in the Southern District of New York:

* ZVI GOFFER, 32

Worked at Schottenfeld, a New York-based broker dealer, for nearly all of 2007. He moved to Galleon in January 2008, where he worked for about eight months before quitting to start his own trading firm, Incremental Capital.

* ARTHUR CUTILLO, 33

Joined law firm Ropes & Gray in 2005 and practiced in the litigation department, focusing on intellectual property. Before that, he worked at Merck & Co where he supervised vaccine production, among other roles. He was admitted to the New York bar in 2006 and New Jersey bar in 2005 and has a JD from Villanova University School of Law.

* JASON GOLDFARB, 31

Worked as an attorney in New York with the law firm of Brecher Fishman Pasternack Walsh Tilker & Ziegler, which specializes in injuries law.

* CRAIG DRIMAL, 53

Worked in Galleon's office space, but was not employed by Galleon.

* EMANUEL GOFFER

Worked at Spectrum Trading LLC in 2007 and is currently associated with Incremental Capital and broker-dealer Echotrade.

* MICHAEL KIMMELMAN, 38

Was a founder, with Zvi Goffer, of Incremental Capital. He was also a trader at Lighthouse Financial Group. He previously worked as a mergers and acquisition attorney at law firm Sullivan & Cromwell. He is a graduate of the University of Southern California Law School.

* DAVID PLATE, 34

Worked at Schottenfeld from June 2006 through March, 2008; currently associated with Incremental Capital.  Continued...

 

More News

Insider trading case as much Sopranos as Wall Street
Thursday, 5 Nov 2009 06:59pm EST 
Atheros exec linked to Galleon insider trading case
Thursday, 5 Nov 2009 05:00pm EST 
Hedge fund investors worry about new names in probe
Thursday, 5 Nov 2009 04:32pm EST 
Trader pleading guilty also worked at SAC Capital
Thursday, 5 Nov 2009 03:44pm EST 

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video