Much of the often-salty telephone dialogue captured by federal investigators relates to Akamai and Advanced Micro Devices, the chip maker. Mr. Rajaratnam and Ms. Chiesi drew upon a wealth of insider sources for their investments in the two companies: Anil Kumar, a McKinsey executive working on A.M.D.’s reorganization — and a Galleon investor; an unnamed Akamai executive; and Mr. Moffat, a friend of Ms. Chiesi’s who learned of A.M.D. developments through the chip maker’s business ties to I.B.M.
“Danielle, I have a major present for you,” the Akamai executive told Ms. Chiesi late on Oct. 10, 2008, according to court filings. “Information.”
Throughout the year, Mr. Rajaratnam and Ms. Chiesi apparently showed concern that their scheme would be discovered. On Aug. 19, Ms. Chiesi said of A.M.D.: “If it leaks, I think I’m out of business. Because who knows I.B.M. And who, who’s in bed with A.M.D.?”
At one point, Ms. Chiesi told Mr. Rajaratnam, “I don’t want anybody else to make money on this but us, ’cuz I don’t want to get in trouble for a lot of reasons.”
Investigators said that while the Akamai trades produced $5.9 million, the A.M.D. trades ultimately made little money.
my.telegraph.co.uk
Recorded conversations between Mr. Rajaratnam and Ms. Chiesi appear to show they were aware their information was far beyond what the market knew. “If the two of us weren’t close to the company as we are, would you be long the stock?” Ms. Chiesi asked Mr. Rajaratnam on Aug. 26, 2008, referring to A.M.D. “No. I wouldn’t be,” he responded. She added that she would not have touched the company with a “10-foot pole.”
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