Prosecutors in the high-profile Galleon Group insider trading trial want to add videotape to a case that already boasts sex and lies.
Government prosecutors are fighting with lawyers for Galleon founder Raj Rajaratnam over whether prosecutors can show the jury two surveillance videos of an Intel tipster allegedly faxing confidential data to Rajaratnam, who is currently on trial in Manhattan federal court.
The two video clips from late 1997 and early 1998 allegedly show former Intel executive Roomy Khan, who has pleaded guilty in the far-reaching case, sending confidential company reports to Rajaratnam’s fax machine.
The prosecution wants to show the videos when they call to the stand the man behind the video surveillance, Mark West, who worked for the company’s security department in 1997, and was key to an internal investigation Intel conducted of Khan back in the late 1990s. According to a letter from the defense, West is set to testify as early as today.
West , who has been with Intel for 15, worked for the company’s security department in 1997, and was key to an internal investigation Intel conducted of Khan back in the late 1990s.
West helped set up the secret surveillance of Khan’s work station and fax machines that allegedly show her faxing the allegedly internal documents to Rajaratnam.
“The B&B reports were highly confidential and contained significant information ” including “a sense of Intel’s earnings,” prosecutors said. One of the images shows calculations of Intel’s revenue and gross margins, prosecutors said.
Rajaratnam’s defense team asked the judge to put the kibosh on the videos and faxes, calling them “prejudicial than probative” and “based in part on hearsay.”
Khan was never found guilty of faxing the documents to Rajaratnam in a previous case and the incident is not technically part of the current investigation.
Last month, former Intel executive Rajiv Goel testified that Rajaratnam told Goel he had previously received tips from “two women” who “ran book orders” at Intel.
Rajaratnam told Goel he gave the two women BMWs as a reward for the information, which Rajaratnam’s defense team chalked up to a joke.