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NEW YORK — Atheros Communications vice president Ali Hariri became the third corporate executive charged in the Galleon Group insider-trading case, joining IBM’s Robert Moffat and Intel’s Rajiv Goel. Hariri, a manager at Atheros’ broadband-networking unit, was placed on leave pending the results of the investigation, Atheros said Thursday. Hariri was one of 14 people charged by U.S. prosecutors in an alleged insider-trading scheme.
Hariri, 38, leaked information on Atheros’ “downward” guidance on its financial performance to hedge-fund manager Ali Far, according to a complaint by the Securities and Exchange Commission. Bloomberg News
