Deals
SAC Tipper Aggarwal Pleads Guilty to Securities Fraud
This article is for subscribers only.
Sandeep Aggarwal, a former research analyst with Collins Stewart LLC, admitted passing inside information about a deal involving Yahoo! Inc. and Microsoft Corp. to a former SAC Capital Advisors LP fund manager.
Aggarwal, 40, pleaded guilty to one count each of conspiracy and securities fraud in a hearing today in federal court in Manhattan. He told U.S. Magistrate Judge Ronald Ellis that he tipped “Richard Lee and others” about the Yahoo-Microsoft venture in 2009.