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Ex-Galleon Group Trader Goffer Found Guilty of Insider Trading

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By Bob Van Voris and Patricia Hurtado

June 14, 2011 at 4:01 AM UTC

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Zvi Goffer, the ex-Galleon Group LLC hedge fund trader, was convicted with his brother and a third defendant on all counts by a jury in the second trial to result from a nationwide crackdown by the U.S. on insider trading.

Goffer was convicted yesterday in federal court in Manhattan of all 14 counts of conspiracy and securities fraud against him. His brother Emanuel and Michael Kimelman were each convicted of the three conspiracy and securities fraud counts they faced.