May 18th in Uncategorized by jason2009 .
Former McKinsey Consultant to Pay $2.8 Million Over Galleon Charges
Anil Kumar pleaded guilty in January to providing Rajaratnam with information about pending mergers…
The former McKinsey & Co. consultant who pleaded guilty to passing confidential information to Raj Rajaratnam, has been ordered to pay about $2.8 million in disgorgement and penalties to settle related SEC charges against him.
Kumar pleaded guilty to providing Rajaratnam with information about a takeover of ATI Technologies by Advanced Mirco Devices in 2006, amongst others. After receiving the info, Raj apparently told Kumar: “Anil, you are a hero,” according to prosecutors.
