In exchange for the Dell non-materials, Tortora admitted to arranging to pay Goyal through a phoney research consulting arrangement one of the hedge funds made with Goyal and another individual.

FORBES: Analysts Plead Guilty To Insider Trading On Dell, NVIDIA Stock

Along with Goyal, hedge fund investment analysts Jesse Tortora and Spyridon Adondakis also pleaded guilty, U.S. Attorney for the Southern District of New York Preet Bharara said in a press release on Wednesday.

FORBES: Analysts Plead Guilty To Insider Trading On Dell, NVIDIA Stock