New York, January 21: Indian-origin analyst Sandeep Goyal is among seven persons charged by US 
authorities of running a “criminal club” which made $62 million in illegal profits by trading in the shares of computer company Dell. Goyal, a research analyst at the Manhattan office of a global asset management firm, has pleaded guilty to his role in the insider trading scheme and is cooperating with the government’s investigation. Along with Goyal, hedge fund research analysts Jesse Tortora and Spyridon Adondakis have also pleaded guilty to the charges, US Attorney for the Southern District of New York Preet Bharara said here. FBI has charged former portfolio manager at a Connecticut-based hedge fund Todd Newman, former portfolio manager of a Manhattan-based hedge fund Anthony Chiasson, research analyst Jon Horvath and fund manager at an investment firm Danny Kuo. SEC brought out its own insider trading charges against the seven. According to the SEC, Goyal used old contacts in Dell to access information not available in the public domain.
authorities of running a “criminal club” which made $62 million in illegal profits by trading in the shares of computer company Dell. Goyal, a research analyst at the Manhattan office of a global asset management firm, has pleaded guilty to his role in the insider trading scheme and is cooperating with the government’s investigation. Along with Goyal, hedge fund research analysts Jesse Tortora and Spyridon Adondakis have also pleaded guilty to the charges, US Attorney for the Southern District of New York Preet Bharara said here. FBI has charged former portfolio manager at a Connecticut-based hedge fund Todd Newman, former portfolio manager of a Manhattan-based hedge fund Anthony Chiasson, research analyst Jon Horvath and fund manager at an investment firm Danny Kuo. SEC brought out its own insider trading charges against the seven. According to the SEC, Goyal used old contacts in Dell to access information not available in the public domain.