A former executive at McKinsey & Company agreed Monday to pay $2.8 million to settle civil charges filed by the Securities and Exchange Commission, after he pleaded guilty to criminal fraud charges related to the Galleon Group insider trading case.
The former executive, Anil Kumar, 51, had admitted in January that he passed on confidential information about clients to the hedge fund's founder, Raj Rajaratnam.
Our 2024 Coverage Needs You
Support HuffPost
Already contributed? Log in to hide these messages.