Did AMD’s former CEO reveal confidential secrets in Galleon insider trading case?
Former Advanced Micro Devices chief executive Hector Ruiz allegedly shared confidential secrets about his company to a trader involved in the Galleon insider trading scandal, according to the Wall Street Journal. If true, it’s a huge scandal that will stain the record of a statesman of the chip industry. Journalists started probing into the possibility after the U.S. Attorney’s office in New York alleged that an unnamed AMD executive shared secrets about the chip manufacturer with one of the defendants named in a criminal insider trading complaint. The Wall Street Journal said that Ruiz, who is not a defendant in the case, did not return calls for comment. The newspaper also said that a lawyer for Danielle Chiesi, the defendant who Ruiz allegedly tipped off, declined to comment. The new revelation ties Ruiz to the case of Raj Rajaratnam, co-founder of the hedge-fund firm Galleon Group, and five others who have been hit with criminal and civil charges. Ruiz allegedly told Chiesi (at New
