The identity of the key co-operating witness in the Galleon insider-trading case was disclosed on Tuesday with the unsealing of a plea agreement struck in December between federal prosecutors and David Slaine, a former employee of hedge fund Chelsey Capital. Slaine, 50, ico-operated with the probe of Galleon and wore a secret recording device to capture conversations with at least one defendant in the case, said people close to the case. He pleaded guilty to conspiracy and securities fraud charges that helped generate $3m in profits for his hedge fund.

This entry was posted by Gwen Robinson on Wednesday, February 3rd, 2010 at 5:36 and is featured in The 6am Cut London (3 Feb 2010) . Tagged with Chelsey, Galleon. Edit this entry.