Yesterday, the SEC charged a former board member of Goldman Sachs, Rajat Gupta, with insider trading.
Gupta allegedly passed confidential information about Goldman and Procter & Gamble, where Gupta was also a board-member, to a hedge-fund friend named Raj Rajaratnam. Rajaratnam, who has already been charged with insider trading, then allegedly traded on this information.
another sign the market is rigged ex goldman board member charged with insider trading: Tech Ticker, Yahoo! Finance