Bob Moffat from IBM Arrested?

Today at work I was watching the news and I saw executives from IBM being arrested amid allegations they were involved in an insider trading scam.
Actually six people were arrested today as part of an insider trading case, including Bob Moffat, senior vice president and general manager of IBM's Systems and Technology Group.

Did Bob speak in public since the arrest? What are the charges against him?

asked by Jane in Investing | 5419 views | 10-16-2009 at 07:35 PM

I didn't watch Moffat talking yet.

According to a criminal complaint in the case, Chiesi and Rajaratnam were heard on a government wiretap of a September 2008 phone conversation discussing whether Chiesi's friend Moffat should move from IBM to a different technology company to aid the scheme.

"Put him in some company where we can trade well," Rajaratnam was quoted in the court papers as saying.

A separate criminal complaint in the case said Chiesi and Moffat conspired to engage in insider trading in the securities of IBM

answered by Felix | 10-16-2009 at 07:37 PM

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