NEW YORK – Federal prosecutors have filed papers that would pave the way for a former Intel executive to make a plea in a massive insider trading case.
The prosecutors’ filing Thursday seeks to waive indictment for Rajiv Goel. That’s a necessary step before he could join eight others who have pleaded guilty.
Goel’s lawyers did not immediately return phone messages, and it was not clear when he might appear in court.
He’s among 21 people charged in what authorities have called the largest hedge fund insider trading case in history. The accused include one of America’s richest men, hedge fund operator Raj Rajaratnam.
Goel is from Los Altos, Calif. He was a director of strategic investments at Intel Capital, the investment arm of Intel Corp.