Goldman Person Leaked Apple, Intel Secrets: Lawyer

Source: Reuters

Goldman person leaked Apple, Intel secrets: lawyer

NEW YORK | Fri Mar 16, 2012 7:30pm EDT

By Grant McCool

NEW YORK (Reuters) - A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for accused former Goldman board member Rajat Gupta said in court on Friday.

Lawyer Gary Naftalis, in a heated exchange with U.S. prosecutor Reed Brodsky during a pre-trial hearing, said the Goldman person leaked confidential information about the two companies to Raj Rajaratnam, the Galleon Group hedge fund founder convicted of insider-trading charges last year.

Gupta, the best-known corporate executive accused in a sweeping prosecution of insider-trading at hedge funds in recent years, denies criminal charges that he tipped Rajaratnam with Goldman Sachs and Procter & Gamble Co secrets between 2007 and 2009. His trial is scheduled to begin in May.

"In a letter he (Brodsky) said the government had a person who provided confidential information to Raj Rajaratnam about Apple and Intel," Naftalis said. "There is also wiretap evidence, substantial evidence of another source at Goldman Sachs."

Read more: http://www.reuters.com/article/idUSBRE82F1EB20120316?irpc=932