Bloomberg – Michael Cardillo, who pleaded guilty in the Galleon Group LLC hedge-fund insider trading case, was ordered to pay more than $68,000 as part of a U.S. Securities and Exchange Commission suit.
Cardillo pleaded guilty in January to securities fraud and conspiracy and agreed to cooperate with the government. U.S. District Judge Richard J. Sullivan today ordered Cardillo to pay $68,520, representing profits he gained as a result of his conduct and other penalties. He was sued by the SEC in January.
