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Sep 14 2010   1:51PM GMT

Ex-IBMer Moffat gets jail time



Posted by: badarrow
Tags:
Barbara Darrow
Bob Moffat
Galleon Group
IBM
IBM Systems
insider trading
IT channel products and technologies

Ex-IBM exec Bob Moffat is going to jail for six months.  Moffat got caught up in the Galleon Group insider training mess and will now pay the price.

Moffat joined IBM in 1978, just out of school. At various points during that long career, he was general manager of IBM’s huge Systems Group and was a board member of Lenovo, the Chinese company that took over IBM’s ThinkPad PC line. He, among many other IBM execs, had at times been touted as an possible “heir apparent” to CEO Sam Palmisano.

More than a dozen people were caught up in charges relating to this case. Eleven, including Moffat, pleaded guilty. Alleged masterminds Raj Rajaratnam and  Danielle Chiesi still await trial. The judge levied the maximum jail time for Moffat but did defer it till June of 2011.

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