In March 2010, former IBM senior vice president Robert Moffat pleaded guilty to one count of conspiracy to commit securities fraud and one count of securities fraud, admitting that he provided confidential information about two companies in an insider trading scheme that generated more than $25 million in illicit gains. In September 2010, Moffat was sentenced to six months imprisonment and a $50,000 fine. Moffat also faces civil charges filed by the U.S. Securities and Exchange Commission (see related IBM instance, “SEC v. Galleon Management LP, et al. (Insider Trading)”.)