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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Hong Kong film hopes to break new ground with 3-D porn 16 Aug 2010 Obama campaigning, ties Republicans to big business 2:36am EDT Axl Rose's Twitter page hacked 12:51am EDT Analysis: Running with the bulls: a rosy view of China in 2020 16 Aug 2010 Dolph Lundgren flexes box office muscle 1:39am EDT RPT-UPDATE 1-Australian c.bank faces makeover after election 12:06am EDT Europe Factors - Shares seen rising; data eyed 1:24am EDT Fund managers make big bets on oil stocks 16 Aug 2010 Air strike kills al Qaeda cell leader in Afghan north | Video 16 Aug 2010 GM IPO filing expected Tuesday | Video 16 Aug 2010 Ex-governor says California must reform pensions 16 Aug 2010 Afghanistan says finds 1.8 billion barrel oilfield 15 Aug 2010 FOMC statement from August 10 meeting | Video 10 Aug 2010 Hong Kong film hopes to break new ground with 3-D porn 16 Aug 2010 Iran says to push ahead with new enrichment plants | Video 16 Aug 2010 Informal work networks new form of inequality: study 16 Aug 2010 Fannie Mae, Freddie Mac bill sale calendar 16 Aug 2010 Analysis: Running with the bulls: a rosy view of China in 2020 16 Aug 2010 Mexican butterflies threatened by severe storms 16 Aug 2010 Uzbek militant killed in Pakistan: security agents 02 Oct 2009 U.S. prosecutors ask 6 months prison for ex-IBM exec Digg This Tweet This Share on LinkedIn Share on Facebook Related News Judge: U.S. omitted key facts to tap Rajaratnam Fri, Aug 13 2010 UPDATE 2-Judge: US omitted key facts to tap Rajaratnam Fri, Aug 13 2010 Analysis: Volcker impact sends shivers through banks Fri, Aug 6 2010 UPDATE 3-NY AG files price-fixing suit vs LCD makers Fri, Aug 6 2010 US seeks more assets from ex-Madoff supervisor Tue, Aug 3 2010 Related Topics Technology » iPad » NEW YORK | Mon Aug 16, 2010 5:53pm EDT NEW YORK (Reuters) - U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe. Moffat, once a candidate to succeed IBM Chief Executive Officer Samuel Palmisano, is scheduled to be sentenced on September 13 in Manhattan federal court for his role in what prosecutors describe as the biggest probe of insider trading at hedge funds in the United States. The sentence recommendation of six months imprisonment "is consistent with Moffat's plea agreement" in March, prosecutors wrote to presiding Judge Deborah Batts. Prosecutors said Moffat had access to inside information regarding IBM's licensing of a deal involving Advanced Micro Devices Inc that he passed on to then New Castle Funds trader Danielle Chiesi in August 2008. In court, he also referred to details of IBM server sales and earnings information about Lenovo Group Ltd while he was a nonvoting board member. "As far as the government has determined, his motive was to help a woman with whom he was having an intimate, personal relationship," the government's sentencing memorandum said. It said "he repeatedly engaged in his fraudulent schemes with Chiesi, knowing full well that she was going to execute securities trades for a hedge fund -- one that had approximately $1 billion under management and whose trades could certainly move the market and have a substantial effect on the integrity of the stock market." Chiesi and the case's principal defendant, Galleon hedge fund founder Raj Rajaratnam, have pleaded not guilty to fraud and conspiracy charges regarding allegations of insider trading. They are scheduled to go on trial in January. Chiesi's boss at the New Castle hedge fund, Mark Kurland, was sentenced in May to 27 months imprisonment after pleading guilty to criminal charges in the case. The case is USA v Moffat, U.S. District Court for the Southern District of New York, No. 10-00270. (Reporting by Grant McCool. Editing by Robert MacMillan) Technology iPad Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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