Hector Ruiz, the former chief executive officer of technology company Advanced Micro Devices (AMD), has been implicated in the Galleon insider trading scandal, according to media reports.Earlier this month, Raj Rajaratnam, the billionaire founder of the Galleon hedge fund, was arrested over allegations he had masterminded the largest insider trading scam in history.Five others were arrested with him and in the complaint filed against one of them, Danielle Chiesi, prosecutors alleged an unnamed AMD executive was guilty of passing on secret information in order to trade stocks.According to prosecutors, the unnamed executive told Ms Chiesi in August 2008 that AMD’s manufacturing operation was about to enter into a venture with the Abu Dhabi government.The partnership between Abu Dhabi and AMD, which was announced to the public in October 2008, led to the foundation of technology manufacturer Globalfoundaries.
Posts Tagged ‘Chip Maker’
Hector Ruiz implicated in Galleon insider trading scandal
October 30th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Abu Dhabi, Advanced Micro Devices, Anonymous Source, Billionaire, Chief Executive Officer, Chip Maker, Galleon, Hector Ruiz, Hedge Fund, Insider Trading, Market Dominance, Market Position, Mr Rajaratnam, New Castle, Raj Rajaratnam, Secret Information, Sri Lankan Government, Technology Company, Technology Manufacturer, Top Job 
No Comments »Large Recent FINRA Arbitration Awards A Sign?
April 5th, 2009 Before You Invest Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors. Regardless, the awards — from the three-member panels of the Financial Industry Regulatory Authority Inc. of New York and Washington — are among the largest ever.
Posted in Finance Fraud Tags: Arbitration Awards, Arbitration Panel, Arbitration Panels, Auction Rate, Chip Maker, Compensatory Damages, Credit Suisse, Credit Suisse Group, Financial Industry Regulatory Authority, Freemasons, Industry Observers, Lynch Co Inc, Masonic Hall, Merrill Lynch, Merrill Lynch Co, Merrill Lynch Co Inc, Refco Inc, Securities Arbitration, Stmicroelectronics, Zurich Switzerland No Comments »
