Ex-Intel executive sentenced in NY for fraud

NEW YORK (AP) — A former Intel Corp. executive who fed confidential information to a billionaire hedge fund founder accused in a massive insider trading case earned leniency on Monday at his own sentencing.

Rajiv Goel, who gave information about the computer chipmaker to hedge fund founder and former schoolmate Raj Rajaratnam, apologized and said he was “deeply ashamed.” He was sentenced by U.S. District Judge Barbara Jones to two years of probation, was fined $10,000 and was ordered to forfeit $266,000.