A former director of global management consulting firm McKinsey & Co. pleaded guilty Thursday to securities fraud charges, admitting making $2.6 million by feeding inside stock information to one of America's richest men in history's largest hedge-fund insider trading case. Anil Kumar entered the plea in New York federal court in a cooperation deal aimed at strengthening the government's case against billionaire Raj Rajaratnam, founder of the Galleon Group hedge funds.
January 08, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A former director of a global management consulting firm pleaded guilty Thursday to securities fraud charges, admitting making $2.6 million by feeding inside stock information to one of America’s richest men in history’s largest hedge-fund insider trading case.
Anil Kumar, 51, of Saratoga, Calif., entered the plea in U.S. District Court for the Southern District of New York in a cooperation deal aimed at strengthening the government’s case against billionaire hedge-fund operator Raj Rajaratnam.
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