Goffer

Prosecutors called Goffer, who once worked at Raj Rajaratnam's Galleon Group hedge fund firm, the ringleader of a scheme to trade on tips about pending takeovers of computer network equipment maker 3Com Corp and Canadian drug company Axcan Pharma Inc.

The Full Feed from HuffingtonPost.com The Huffington Post News Editors 2011

Prosecutors called Goffer the ringleader of a scheme to trade on tips about pending takeovers of network equipment maker 3Com Corp and Canadian drug company Axcan Pharma Inc. They also want him to forfeit $10 million of illegal profit.

Reuters: Press Release 2011

Federal prosecutors in Manhattan had alleged that Mr. Kimelman was part of an insider-trading scheme with Zvi Goffer, a former Galleon Group trader, and Mr. Goffer's brother, Emanuel.

Ex-Trader Kimelman Sentenced in Insider Case Chad Bray 2011

Zvi Goffer was sentenced to 10 years in prison and his brother was sentenced to a three-year prison term last week.

Ex-Trader Kimelman Sentenced in Insider Case Chad Bray 2011

Prosecutors had alleged that Mr. Kimelman received confidential information from Zvi Goffer, the alleged "ringleader" of the scheme.

Ex-Trader Kimelman Sentenced in Insider Case Chad Bray 2011

Zvi Goffer, who was convicted along with his brother and Mr. Kimelman in June, allegedly passed on inside tips about pending deals from two former Ropes & Gray LLP lawyers, prosecutors said.

Ex-Trader Kimelman Sentenced in Insider Case Chad Bray 2011

Pending Insider-Trading Cases That Could Be Influenced Zvi Goffer , his brother Emanuel Goffer and Michael Kimelman , a trader, are expected to go to trial beginning Monday in a criminal insider-trading case related to the Galleon probe.

Trial Win Adds to Momentum in Crackdown Susan Pulliam 2011

The conviction of Mr. Kimelman, Mr. Goffer and his brother came just weeks after the conviction of Galleon founder Raj Rajaratnam on insider-trading charges.

Ex-Trader Kimelman Sentenced in Insider Case Chad Bray 2011

At least one of those contesting the charges, Zvi Goffer , showed up at federal court in lower Manhattan during Mr. Rajaratnam's trial to watch the proceedings for himself.

Trial Win Adds to Momentum in Crackdown Susan Pulliam 2011

For example, Zvi Goffer , a former Galleon trader, was sentenced to 10 years in prison in September for insider trading; his brother received a three-year prison term last week.

Long Jail Terms on Rise Chad Bray 2011