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The tiny investor relations firm that allegely provided the tip that brought Galleon Group its most profitable illicit trade was started by a Goldman Sachs institutional sales vice president.

Prosecutors have alleged that before Google announced a shortfall for its earnings in July 2007, a tipster told Galleon the company would miss analyst expectations. That information received from an unidentified Market Street Partners employee. The Market Street employee expected to be richly compensated for providing the tip.

This has started a guessing game about who might have been behind the leak. The person had to have connections to someone in a position to pass on the tip to Galleon’s founder Raj Rajaratnam. You don’t exactly call a stranger and offer an illegal tip in exchange for cash.

Joann Horne, one of the co-founders of Market Street Advisors, worked at Goldman for five years from 1994 to 1999. As a vice president in institutional sales she would have worked losely with portfolio managers, analysts, and traders. In 2000, she co-founded the investor relations firm with Carolyn Bass.

It seems far fetched to imagine that Horn would be behind the leak however.  For one thing, she is much more than an "employee" at the firm. More importantly, it seems likely that such a leak and demand for payment would come from a shorter term employee rather than someone with a long term interest in the health of the financial firm.

Still, we’re sure the more easily enraged critics of Goldman Sachs will be pleased to know that the Vampire Squid also has its tentacles in the Galleon insider trading scandal. Goldman was not immediately available to comment on this tentacle.

Market Street is virtually unknown. "Employees at the neighboring offices described Market Street as being quiet and small, with employees preferring to take the stairs rather than the elevator," Reuters reports. "The median age is 32, according to LinkedIn data." LinkedIn lists five current employees: Horne, Bass, Vice President Linda Rothemund, Vice President Karen Haus, and analyst Daniel Wood.

We can cross Rothemund and Wood off the list of potential suspects because they weren’t at the firm in July 2007, when the Google