You know who is probably having a pretty bad day? Intel. You know who is probably having a better day? Hector Ruiz.

New York Attorney General Andrew Cuomo today hit the chip maker with an anti-trust suit.  Part of the suit alleges that Intel engaged in anticompetitive practices by punishing HP for its choice to use AMD chips and threatening Dell to keep the computer maker in check.

Hey Mr. Ruiz, how’s that for timing? It’s almost a toss-up with people having to decide where to focus their attention: insider trading or antitrust.

Remember back in 2005 when AMD sued Intel for “dampening competition” in the microprocessor market? Remember the reaction and how people weren’t exactly thrilled with it? Well, with some of the details emerging from Attorney General Cuomo’s 23 month investigation, maybe some opinions will shift.

Let’s not forget that this isn’t exactly Intel’s first antitrust rodeo. Over in Europe the pesky European Commission in May fined the chip maker a record $1.45 billion due to its use of conditional rebates.

While Ruiz may be tied to Bob Moffat as part of the insider trading scandal that is currently heating up the technology community, the most money that was allegedly manipulated was in the millions.

Intel, on the other hand, has allegedly been manipulating a lot more money than that. Much, much more.

The state of New York is alleging that Intel paid Intel paid Dell billions of dollars in rebates while “collaborating” and that IBM received $130 million to not launch an AMD-based server.

I thought we were in the midst of a recession. I mean, billions of dollars to Dell, $130 million to IBM and $1.45 billion to the EC.

What’s next? CompTIA-style villas on the beach?