This is stunning when you think about it. A McKinsey consultant--McKinsey--was paid up to $2 million in cash, which were funneled to a secret Swiss bank account and then into hedge funds operated by accused inside trader Raj Rajaratnam. The amount swelled eventually to $2.6 million, for five years of inside information.

Specifically, Anil Kumar leaked information related to deals involving Advanced Micro Devices. This is a sad moment for Anil Kumar of course, but he has certainly brought shame to his august consultancy. It's clear that prosecutors think that Kumar will make a great witness. He will likely confirm that they were doing something really wrong, as evidenced by their secretive activity. 

Still, the Rajaratnam forces will pretty much try to destroy his credibility, making him out to be a rat that sold out his clients. You can bet the prosecution will line up other defendants to sing about Rajaratnam and Danielle Chiesi. This is going to get rough. 

For more:
- here's an article from the New York Times

Related Articles:
Extension in Galleon case
Danielle Chiesi's makeover?
The "rock star" in the Galleon scandal
Danielle Cheisi, colorful language in massive scandal
Galleon scandal expands
Who is Raj Rajaratnam?