Wednesday, April 7, 2010 as of 11:14 AM ET
Galleon Group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009. The firm was the center of a 2009 insider trading scandal.
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Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles.
On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc (NYSE:GS) and Procter & Gamble (NYSE:PG) board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison.But while prosecutors have called Gupta the "illegal eyes and ears" for Rajaratnam, this is a very different case. At Rajaratnam's trial, jurors spent weeks listening to the Galleon Group founder discussing stock trades on calls secretly recorded by the FBI. With Gupta, prosecutors have no direct conversations on tape related to the trades central to their case.One of the government's core allegations is that Gupta tipped Rajaratnam to Berkshire Hathaway Inc's <BRKa.N> <BRKb.N> $5 billion...Remarks recently delivered by a senior enforcement official at the Securities and Exchange Commission suggest that securities regulators are now looking to expand th...
A California-based hedge fund manager was charged on Friday with making $900,000 illegally on inside information about three technology companies, the latest strand ...
U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest sa...
Authorities arrested four people and will announce charges against several more on Wednesday as part of the government's sweeping probe into insider trading at hedge...
Private equity companies The Carlyle Group and Blackstone (NYSE:BX) are in separate talks to buy a large stake in the tower unit of India’s second-largest telecom op...
Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 1...
Convicted hedge-fund titan Raj Rajaratnam will likely appeal the record penalty handed down by the Securities and Exchange Commission last week on civil insider trad...
Disgraced hedge fund manager Raj Rajaratnam was slapped with a record $92.8 million civil penalty Tuesday by the Securities and Exchange Commission .Rajaratnam, a fo...
Disgraced hedge fund manager Raj Rajaratnam was slapped with a record $92.8 million civil penalty Tuesday by the Securities and Exchange Commission .Rajaratnam, a fo...
FBN’s Adam Shapiro on Galleon Group Founder Raj Rajaratnam ordered to pay $92.8 million as a penalty for insider trading.
A federal judge ordered Raj Rajaratnam , the Galleon Group hedge fund founder convicted of insider trading, to pay a $92.8 million penalty in a related civil case br...
A federal judge ordered Raj Rajaratnam , the Galleon Group hedge fund founder convicted of insider trading, to pay a $92.8 million penalty in a related civil case br...
The Galleon Group hedge fund wasn't alone in piling into Goldman Sachs Group Inc. stock hours before the bank announced a $5 billion investment from Warren Buffett's...
How concerned is Wall Street about the ongoing insider-trading crackdown?Judging from the attendance last night for an event at the Harvard Club in midtown Manhattan...
DOW JONES NEWSWIRESFederal prosecutors have added another insider-trading charge against former Goldman Sachs Group (GS) and Procter & Gamble Co. (PG) director Rajat...
The high-profile federal insider trading investigations that have so far netted 64 arrests and 59 convictions or guilty pleas call to mind the state trooper hiding j...
How hard are federal law enforcement officials looking at Steve Cohen and his massive hedge fund, SAC Capital, in their wide-ranging insider-trading investigation?Ha...
All of the good publicity flowing from the crackdown on insider trading has one of the nation’s top law enforcement officials looking at what he might do in the futu...
Federal law enforcement officials say they have at least five years worth of insider-trading cases in the pipeline, a tally that could lead to hundreds of additional...
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